# Lower global fishmeal and fish oil production

> According to IFFO data cited by Agnavigator, cumulative fishmeal production by key producers fell 28% in the first eight months of 2023. The drop is mainly due to a 70% decline in Peru, where El Niño led to cancellation of the first anchovy season. Chile was the only country with higher output, and fish oil output fell 24%.

- Date: 2023-10-13 · published 2023-10-13T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/33725-lower-global-fishmeal-and-fish-oil-production
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

The shortfall in Peruvian anchovy catches leaves fishmeal and fish oil supply tight, which supports higher prices for feed ingredients.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- agnavigator.com: https://www.agnavigator.com/Article/2023/10/13/lower-global-fishmeal-and-fish-oil-production/

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