# Marine Ingredients Market Trends (October 2023) | IFFO - The Marine Ingredients Organisation

> IFFO reports cumulative global fishmeal production in the first nine months of 2023 fell about 26% year on year, driven by a 70% drop in Peru. Fish oil output fell 21%, with Chile the only major producer to rise. China's cumulative fishmeal imports through September dropped 8.7%.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33264-marine-ingredients-market-trends-october-2023-iffo-the-marine-ingredients
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Peru's production collapse tightens the fishmeal supply that aquafeed buyers rely on, supporting fishmeal prices, while weaker Chinese demand partly offsets that tightness.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- iffo.com: https://www.iffo.com/marine-ingredients-market-trends-october-2023

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