# Aquafeed.com |
   

   
    IFFO reports a sustained low trend in fishmeal and fish oil production

> 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.

- Date: 2023-10-12 · published 2023-10-12T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/33722-aquafeed-com-iffo-reports-a-sustained-low-trend-in-fishmeal-and-fish-oil
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- aquafeed.com: https://www.aquafeed.com/commodities/commodity-news/iffo-reports-a-sustained-low-trend-in-fishmeal-and-fish-oil-production/

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