# Latest trends in marine ingredients market following Peru's closure of anchovy fishing season - All Fish News

> Peru's Ministerial Decree 8/2024-PRODUCE closed the second anchovy season in the North-Centre on January 13, 2024, with about 75% of the 1.682 million ton quota landed. IFFO reports first 11 months 2023 fishmeal output down about 16% and fish oil down nearly 20%, with Chile the only country up year on year.

- Date: 2024-01-15 · published 2024-01-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32059-latest-trends-in-marine-ingredients-market-following-peru-s-closure-of-anchovy
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reduced fishmeal and fish oil supply from Peru supports marine ingredient prices, keeping feed formulators reliant on soymeal and other protein substitutes.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-08-12 | [Peru fish landings dive 20% in May as anchovy catches for fishmeal fall - Undercurrent News](https://feedsoft.ai/events/39937-peru-fish-landings-dive-20-in-may-as-anchovy-catches-for-fishmeal-fall.md) | -10.9% | -15.4% |
| SBM | 2022-04-15 | [April 2022 update on market trends \| IFFO - The Marine Ingredients Organisation](https://feedsoft.ai/events/41932-april-2022-update-on-market-trends-iffo-the-marine-ingredients-organisation.md) | -0.2% | -11.7% |
| SBM | 2024-01-12 | [Marine Ingredients Market Trends (January 2024) \| IFFO - The Marine Ingredients Organisation](https://feedsoft.ai/events/32207-marine-ingredients-market-trends-january-2024-iffo-the-marine-ingredients.md) | -0.1% | -3.3% |
| SBM | 2022-07-27 | [Peru closes north-central region anchovy season at just 84 percent of TAC \| SeafoodSource](https://feedsoft.ai/events/40377-peru-closes-north-central-region-anchovy-season-at-just-84-percent-of-tac.md) | +3.1% | -0.7% |
| SBM | 2022-08-15 | [SNP: Peru fishmeal, oil exports hit $1.1bn in H1 with 25% fewer anchovy landings - Undercurrent News](https://feedsoft.ai/events/39936-snp-peru-fishmeal-oil-exports-hit-1-1bn-in-h1-with-25-fewer-anchovy-landings.md) | -11.0% | -13.4% |

## Sources

- allfishnews.com: https://allfishnews.com/latest-trends-in-marine-ingredients-market-following-perus-closure-of-anchovy-fishing-season/

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