# Peru’s anchovy boom fuels 36% surge in fishmeal production | SalmonBusiness

> IFFO members report Peruvian fishmeal output rose nearly 36% in January to July 2024 versus 2023, and fish oil output rose about 10%. Chinese port fishmeal stocks hit record highs in September as demand from aquaculture and pig sectors weakened.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: market · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/28213-peru-s-anchovy-boom-fuels-36-surge-in-fishmeal-production-salmonbusiness
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Strong Peruvian output combined with record Chinese port stocks and weak demand points to bearish fishmeal prices, while cheaper fishmeal and plant meals weigh on soybean and rapeseed meal pricing.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bearish ▼
- FISHMEAL: bearish ▼

## Sources

- salmonbusiness.com: https://www.salmonbusiness.com/perus-anchovy-boom-fuels-36-surge-in-fishmeal-production/

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