# Fishmeal, fish oil outlook buoyed by improving climatic conditions

> An IntraFish outlook says fishmeal and fish oil prospects for 2024 are improving after a difficult 2023 that saw the cancellation of Peru's first anchovy season and a shortfall in the second. The article points to better climatic conditions as a reason for optimism.

- Date: 2024-03-07 · published 2024-03-07T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/31276-fishmeal-fish-oil-outlook-buoyed-by-improving-climatic-conditions
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Improving Peruvian catch prospects would raise fishmeal supply expectations, which is bearish for fishmeal prices and for alternative protein feed costs.

## Read by commodity

- SBM: neutral
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-12-26 | [Dry Conditions Slow Soybean Planting in Rio Grande do Sul, Brazil](https://feedsoft.ai/events/13684-dry-conditions-slow-soybean-planting-in-rio-grande-do-sul-brazil.md) | +5.7% | +2.5% |
| SBM | 2017-08-02 | [More fish meal, but growing interest in alternatives - Food & Agribusiness](https://feedsoft.ai/events/69535-more-fish-meal-but-growing-interest-in-alternatives-food-and-agribusiness.md) | -0.2% | -4.4% |
| SBM | 2025-12-05 | [Heavy rains improve central Brazil soil moisture but drought fears grow in southern South America](https://feedsoft.ai/events/13457-heavy-rains-improve-central-brazil-soil-moisture-but-drought-fears-grow-in.md) | -3.0% | -3.9% |
| SBM | 2026-04-06 | [Climate concerns second corn crop and soybean harvest advances to 82% in Brazil](https://feedsoft.ai/events/13439-climate-concerns-second-corn-crop-and-soybean-harvest-advances-to-82-in-brazil.md) | +4.0% | +2.7% |
| SBM | 2018-11-07 | [Ocean Shock: Fishmeal factories plunder Africa](https://feedsoft.ai/events/62138-ocean-shock-fishmeal-factories-plunder-africa.md) | -2.4% | -0.4% |

## Sources

- intrafish.com: https://www.intrafish.com/fisheries/fishmeal-fish-oil-outlook-buoyed-by-improving-climatic-conditions/2-1-1598740

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