# Challenging year ahead for global fishmeal and fish oil production

> IFFO figures show global fishmeal output fell about 16% and fish oil output about 20% in 2023, with Peru's fishmeal production down 41% after El Niño cancelled the first season. Chile was the only major producer with higher output, and China started 2024 with slower fishmeal imports.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32211-challenging-year-ahead-for-global-fishmeal-and-fish-oil-production
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Lower global supply combined with weaker Chinese import demand gives mixed pressure on fishmeal prices, with supply tightness the stronger force for feed buyers.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- weareaquaculture.com: https://weareaquaculture.com/news/feed/challenging-year-ahead-for-global-fishmeal-and-fish-oil-production

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