# IFFO: Peru’s first 2024 anchovy season boosts global fishmeal, fish oil supply - Undercurrent News

> IFFO reported that Peru's first 2024 anchovy season is boosting global fishmeal and fish oil supply. Cumulative fishmeal output in the countries IFFO tracks rose 40% in the first five months of 2024 versus 2023, mainly because of Peruvian supply.

- Date: 2024-07-03 · published 2024-07-03T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29155-iffo-peru-s-first-2024-anchovy-season-boosts-global-fishmeal-fish-oil-supply
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A 40% year-on-year rise in fishmeal output eases the global protein supply for feed formulators. That should keep fishmeal prices under pressure while the Peruvian catch is strong.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2024/07/03/iffo-perus-first-2024-anchovy-season-boosts-global-fishmeal-fish-oil-supply/

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