# Fishmeal prices expected to normalize as El Nino wanes | Feed Strategy

> IFFO says fishmeal production is set for a better year as Peru eases fishing restrictions imposed last year to protect fisheries. Fish oil output is still lagging, and weak Chinese demand could reduce overall feed ingredient consumption. Fishmeal prices are expected to normalize as El Nino wanes.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: policy · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/30356-fishmeal-prices-expected-to-normalize-as-el-nino-wanes-feed-strategy
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher Peruvian catch quotas add supply to a market that was tight in early 2024, which should ease fishmeal prices. Weak Chinese demand adds further downside pressure.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- feedstrategy.com: https://www.feedstrategy.com/animal-feed-additives-ingredients/article/15670949/fishmeal-prices-expected-to-normalize-as-el-nino-wanes

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