# Global fishmeal output down 27% before Peru's good anchovy fishing - Undercurrent News

> Global fishmeal output fell about 27% in the first quarter of 2024 versus the same period in 2023, according to IFFO. The drop reflects the early start of Peru's second 2023 season and a lower quota.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30362-global-fishmeal-output-down-27-before-peru-s-good-anchovy-fishing-undercurrent
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

The sharp Q1 supply shortfall supports fishmeal prices, although expected Peruvian catches later in the year could reverse the trend.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2024/05/13/global-fishmeal-output-down-27-before-perus-good-anchovy-fishing/

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