# Peru's fishing shutdown drives global fishmeal shortage | Feed Strategy

> IFFO reports that Peruvian fishing has been largely closed this year to protect fish stocks during El Niño, with only a handful of fishing days authorized versus a typical two-month season. Peru's fishmeal output fell by half in the first five months of 2023, and other producers such as South Africa cannot fill the gap.

- Date: 2023-08-03 · published 2023-08-03T12:00:00.000Z
- Category: weather · region Peru · magnitude high
- Page: https://feedsoft.ai/events/34467-peru-s-fishing-shutdown-drives-global-fishmeal-shortage-feed-strategy
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peru accounts for about 20% of world fishmeal output, so the shortfall tightens global supply of fishmeal and fish oil. Buyers should expect firm fishmeal prices and added demand for soybean meal as a replacement protein.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-09-01 | [Fishmeal Prices Expected to Rise Amid Peru's Extended Fishing Ban \| Feed Strategy](https://feedsoft.ai/events/17561-fishmeal-prices-expected-to-rise-amid-peru-s-extended-fishing-ban-feed-strategy.md) | +0.3% | +8.4% |
| SBM | 2026-07-01 | [Peru extends anchovy fishing suspension again, threatening global fishmeal supply](https://feedsoft.ai/events/18701-peru-extends-anchovy-fishing-suspension-again-threatening-global-fishmeal-supply.md) | +2.2% | +6.7% |
| SBM | 2023-06-01 | [Peru anchovy firms concerned over El Niño-driven delays to main fishing season](https://feedsoft.ai/events/35841-peru-anchovy-firms-concerned-over-el-nino-driven-delays-to-main-fishing-season.md) | +2.6% | +1.5% |
| SBM | 2023-05-25 | [Peru: El Niño delays anchovy fishing season](https://feedsoft.ai/events/35843-peru-el-nino-delays-anchovy-fishing-season.md) | -2.3% | +6.9% |
| SBM | 2023-06-20 | [Corn, soybean futures up on fears of Corn Belt drought \| Feed Strategy](https://feedsoft.ai/events/9768-corn-soybean-futures-up-on-fears-of-corn-belt-drought-feed-strategy.md) | -0.9% | +5.9% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/animal-feed-additives-ingredients/article/15543632/perus-fishing-shutdown-drives-global-fishmeal-shortage

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