# Global fishmeal production down 27 percent in Q1 2024, but trending positive for rest of year - Saving Seafood

> Global fishmeal production dropped about 27% in Q1 2024 compared with a year earlier, according to IFFO. Output is expected to trend positive for the rest of the year as Peru's fishing season ramps up.

- Date: 2024-05-12 · published 2024-05-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30364-global-fishmeal-production-down-27-percent-in-q1-2024-but-trending-positive-for
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Tight first-quarter supply supports prices now, but expected recovery in Peruvian catches should limit upside later in 2024.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- savingseafood.org: https://www.savingseafood.org/news/economic-impact/global-fishmeal-production-down-27-percent-in-q1-2024-but-trending-positive-for-rest-of-year/

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