# Strong Peruvian anchovy season boosts this year’s fishmeal production - Food & Agribusiness

> IFFO reports Peruvian anchovy supply rose sharply year-on-year, making 2024 fishmeal production higher than 2023 while other regions declined over the first nine months. Nearly 20% of the 2.51 million tonne North-Centre quota was already caught since the season opened on 1 November, the third-highest quota in a decade.

- Date: 2024-11-15 · published 2024-11-15T12:00:00.000Z
- Category: report · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/27313-strong-peruvian-anchovy-season-boosts-this-year-s-fishmeal-production-food-and
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A larger Peruvian fishmeal supply eases the tight global fishmeal market, which can soften fishmeal prices and reduce the pull on soymeal and other protein substitutes in feed formulations.

## Read by commodity

- SBM: neutral
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-02-13 | [South American bean production and balance sheets - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/26099-south-american-bean-production-and-balance-sheets-iowa-agribusiness-radio.md) | +0.2% | -0.3% |
| SBM | 2025-01-13 | [US chicken sector strong going into 2025 - Food & Agribusiness](https://feedsoft.ai/events/26646-us-chicken-sector-strong-going-into-2025-food-and-agribusiness.md) | +1.8% | +2.7% |
| SBM | 2017-04-14 | [New: Protein balance sheet EU - Food & Agribusiness](https://feedsoft.ai/events/71616-new-protein-balance-sheet-eu-food-and-agribusiness.md) | -2.5% | -2.5% |
| SBM | 2021-05-04 | [Global fishmeal, fish oil production on upward trend \| Feed Strategy](https://feedsoft.ai/events/46984-global-fishmeal-fish-oil-production-on-upward-trend-feed-strategy.md) | +6.2% | -5.0% |
| SBM | 2017-09-29 | [Steady growth for China’s feed industry - Food & Agribusiness](https://feedsoft.ai/events/68862-steady-growth-for-china-s-feed-industry-food-and-agribusiness.md) | +2.0% | +1.7% |

## Sources

- weareaquaculture.com: https://weareaquaculture.com/news/feed/fishmeal-production-2024-peru-up-china-down
- aquafeed.com: https://www.aquafeed.com/commodities/commodity-news/perus-strong-anchovy-seasons-drive-increased-2024-fishmeal-production/
- feedandadditive.com: https://www.feedandadditive.com/iffos-data-shows-increase-in-fishmeal-production-for-2024/
- foodagribusiness.world: https://www.foodagribusiness.world/feed/strong-peruvian-anchovy-season-boosts-this-years-fishmeal-production
- salmonbusiness.com: https://www.salmonbusiness.com/fishmeal-production-sees-boost-from-peru-but-challenges-loom-in-other-key-regions/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.