# Seafood ingredients and the impact of fish shortages - GlobalPETS

> A GlobalPETS feature reports that fish oil prices spiked in 2023 after Peru cancelled its April-July fishing season, creating a shortage of fishmeal and marine ingredients. IFFO data show fishmeal output in the first 11 months of 2023 fell 16% year on year.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: weather · region Peru · magnitude low
- Page: https://feedsoft.ai/events/31277-seafood-ingredients-and-the-impact-of-fish-shortages-globalpets
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

The tight fishmeal and fish oil supply from the 2023 Peruvian shortfall keeps marine ingredient prices elevated, supporting fishmeal costs for feed formulators.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- globalpetindustry.com: https://globalpetindustry.com/article/seafood-ingredients-and-the-impact-of-fish-shortages/

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