# Global fish economy: Fish consumption stagnates; capture production rebounds

> The FAO projects 2024 global fisheries and aquaculture output to rise 2.2% to nearly 192 million tonnes. Wild catch is set to recover after a poor 2023 caused by El Niño's effect on Peruvian anchoveta, with Peru's 2024 quota set above five million tonnes. FAO expects feed costs to fall into next year as marine ingredient and grain supplies improve.

- Date: 2024-05-12 · published 2024-05-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30170-global-fish-economy-fish-consumption-stagnates-capture-production-rebounds
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher anchoveta catches and improved marine ingredient availability point to lower fishmeal and fish oil prices. The FAO's expectation of falling feed costs signals lower input pressure for feed producers.

## Read by commodity

- SBM: bearish ▼
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-04-11 | [Global Soybean Production, Ending Stocks Raised](https://feedsoft.ai/events/71445-global-soybean-production-ending-stocks-raised.md) | +1.0% | +1.6% |
| SBM | 2017-09-22 | [Pork imports slow in China as domestic pork production rebounds](https://feedsoft.ai/events/68942-pork-imports-slow-in-china-as-domestic-pork-production-rebounds.md) | -0.7% | +4.0% |
| SBM | 2024-02-20 | [FAS forecasts China's chicken production, consumption down in 2024](https://feedsoft.ai/events/31831-fas-forecasts-china-s-chicken-production-consumption-down-in-2024.md) | -3.3% | -5.5% |
| SBM | 2026-01-12 | [Shocking New Records in Yield and Production Pummel Corn Futures](https://feedsoft.ai/events/7092-shocking-new-records-in-yield-and-production-pummel-corn-futures.md) | -2.6% | +1.1% |
| SBM | 2017-07-28 | [Global soybean meal production will be at record high in 2017 - 2018.](https://feedsoft.ai/events/70042-global-soybean-meal-production-will-be-at-record-high-in-2017-2018.md) | -5.0% | -7.7% |

## Sources

- fao.org: https://www.fao.org/in-action/globefish/news-events/news/news-detail/global-fish-economy--fish-consumption-stagnates--capture-production-rebounds/en

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