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IFFO reports that cumulative fishmeal production in the first eight months of 2023 fell about 28% year on year, driven by a 70% drop in Peru. Fish oil output was down 24%, with Chile the only major producer to rise.
Chinese aquaculture is facing higher feed costs and weaker demand for farmed fish and shrimp.
Peru's cancelled first anchovy season, caused by El Niño, has tightened global fishmeal and fish oil supply, which supports fishmeal prices and raises feed costs for buyers.
aquafeed.comAquafeed Media SLUOct 12, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
