# IFFO's estimates of the 2023 fishmeal and fish oil production and insights for 2024 - International Aquafeed

> IFFO estimates global fishmeal output in 2023 at about 1.738 million tonnes, down roughly 23% from 2022, with Peru down 52% after El Niño disrupted fishing. Fish oil output fell about 21%, with Peru down 85%. Unexpected sea warming off Peru's central coast was also noted despite El Niño weakening.

- Date: 2024-02-13 · published 2024-02-13T12:00:00.000Z
- Category: report · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/31582-iffo-s-estimates-of-the-2023-fishmeal-and-fish-oil-production-and-insights-for
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

The sharp 2023 supply decline explains the tight fishmeal market and high prices. Recovery in 2024 depends on Peru's fishing season, so supply risk remains a price support for now.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- aquafeed.co.uk: https://www.aquafeed.co.uk/iffos-estimates-of-the-2023-fishmeal-and-fish-oil-production-and-insights-for-2024/

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