# IFFO: Peru's fishing woes drive world fishmeal, oil production dip - Undercurrent News

> The International Fishmeal and Fish Oil Organisation (IFFO) reports that Peru's fishing problems have reduced global fishmeal and fish oil production. The report points to lower output as the main driver of the decline.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32480-iffo-peru-s-fishing-woes-drive-world-fishmeal-oil-production-dip-undercurrent
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A global fishmeal and oil production dip driven by Peru tightens supply for feed buyers, supporting fishmeal prices.

## Read by commodity

- PALMOIL: neutral
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-02-04 | [Marine ingredients production – World Fishing](https://feedsoft.ai/events/42616-marine-ingredients-production-world-fishing.md) | +0.6% | +14.5% |
| PALMOIL | 2022-02-11 | [Global fishmeal production up, fish oil down - Food & Agribusiness](https://feedsoft.ai/events/42778-global-fishmeal-production-up-fish-oil-down-food-and-agribusiness.md) | +1.3% | +17.9% |
| PALMOIL | 2024-04-12 | [USDA increased the estimate of world production of vegetable oils](https://feedsoft.ai/events/30861-usda-increased-the-estimate-of-world-production-of-vegetable-oils.md) | -3.8% | -10.4% |
| PALMOIL | 2016-12-08 | [How Tracking Product Sources May Help Save World’s Forests - Yale E360](https://feedsoft.ai/events/73486-how-tracking-product-sources-may-help-save-world-s-forests-yale-e360.md) | -0.6% | -2.5% |
| PALMOIL | 2024-06-01 | [Palm Oil Production, Exports and Consumption Up](https://feedsoft.ai/events/30355-palm-oil-production-exports-and-consumption-up.md) | +2.4% | +2.1% |

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2023/12/28/iffo-perus-fishing-woes-drive-world-fishmeal-oil-production-dip/

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