# Peru closes anchovy season with 25 percent uncaught as global fishmeal production down 16 percent

> Peru's industrial anchovy fleet closed its second season on 12 January with roughly 75% of the 1.682 million ton quota caught. The first 2023 season was cancelled, costing an estimated USD 1.4 billion in lost revenue, and IFFO data show global fishmeal output down 16% for the first 11 months of 2023.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: report · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/32208-peru-closes-anchovy-season-with-25-percent-uncaught-as-global-fishmeal
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Unfilled anchovy quotas reduce fishmeal and fish oil availability, supporting fishmeal prices that feed buyers pay for high-protein diets.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- seafoodsource.com: https://www.seafoodsource.com/news/supply-trade/peru-closes-anchovy-season-with-25-percent-uncaught-as-global-fishmeal-production-down-16-percent

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