# Fish oil supply to recover as 2024’s first fishing season sees high oil yields

> Industry body GOED said Peru's first 2024 anchovy season ended on a high note, with fish oil yield expected at 75,000 to 85,000 tonnes. The season followed a fish oil shortage in which prices rose from $5.83 to $11.12 per kg during 2023 after El Niño cut quotas.

- Date: 2024-07-02 · published 2024-07-02T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/29156-fish-oil-supply-to-recover-as-2024-s-first-fishing-season-sees-high-oil-yields
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A recovery in fish oil yield signals a looser marine ingredient supply after last year's shortage. Fishmeal prices are likely to soften as the supply outlook improves.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- nutraingredients.com: https://www.nutraingredients.com/Article/2024/07/02/Fish-oil-supply-to-recover-as-2024-s-first-fishing-season-sees-high-oil-yields/

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