# World production of fishmeal and fish oil increased thanks to Peruvian fishing

> IFFO data show world fishmeal production rose about 40% in January to June 2024 versus a year earlier, with fish oil up about 10%, driven by Peru's first anchovy season. Supplies are declining in Chile, Europe, the US and China, and Peru's Imarpe is assessing anchovy biomass to set the second-season quota.

- Date: 2024-08-23 · published 2024-08-23T12:00:00.000Z
- Category: report · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/28214-world-production-of-fishmeal-and-fish-oil-increased-thanks-to-peruvian-fishing
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher global fishmeal supply from Peru tends to pressure fishmeal prices lower, though falling output elsewhere and the pending second-season quota could limit the decline.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- fiskerforum.com: https://fiskerforum.com/successful-anchovy-fishery-boosts-2024s-fishmeal-production/
- thefishsite.com: https://thefishsite.com/articles/fishmeal-production-surges-40-percent
- fishfarmingexpert.com: https://www.fishfarmingexpert.com/anchovies-feed-fish-oil/fishmeal-and-fish-oil-supply-increased-in-first-half-of-2024/1812000
- seafoodsource.com: https://www.seafoodsource.com/news/aquaculture/fishmeal-fish-oil-production-up-in-2024-thanks-to-successful-fishing-in-peru
- tridge.com: https://www.tridge.com/news/global-fishmeal-and-fish-oil-production-rise-wtpetp
- tridge.com: https://www.tridge.com/news/world-production-of-fishmeal-and-fish-oil-in-soppfj
- worldfishing.net: https://www.worldfishing.net/news/feed-nutrition/iffo-2024-fishmeal-production-up-thanks-to-peru-fishery/

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