# ‘The last crumb of fishmeal’: Fish oil and fishmeal prices face record new highs amid ‘acute’ supply shortage

> Rabobank analyst Gorjan Nikolik says the cancellation of Peru's anchovy season is depleting fishmeal and fish oil inventories. Fishmeal and fish oil prices are expected to reach record highs amid an acute supply shortage. The cancellation was linked to El Niño conditions.

- Date: 2023-08-03 · published 2023-08-03T12:00:00.000Z
- Category: weather · region Peru · magnitude high
- Page: https://feedsoft.ai/events/34684-the-last-crumb-of-fishmeal-fish-oil-and-fishmeal-prices-face-record-new-highs
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peru is a major global fishmeal exporter, so a lost season removes a large share of protein feed supply. Prices are likely to rise further, pushing up costs for aquafeed and livestock feed buyers who use fishmeal and soy substitutes.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-08-27 | [European corn, soybean meal prices near historic highs amid supply concerns \| S&P Global](https://feedsoft.ai/events/17959-european-corn-soybean-meal-prices-near-historic-highs-amid-supply-concerns-s.md) | +3.0% | +10.1% |
| SBM | 2026-10-19 | [Prices for Russian fishmeal could return to $3,000 per ton amid the deepening supply crisis from Peru \| Free \| FISH MARKET — FishNet.ru](https://feedsoft.ai/events/520-prices-for-russian-fishmeal-could-return-to-3-000-per-ton-amid-the-deepening.md) | -1.6% | — |
| SBM | 2026-10-26 | [ANALYSIS: El Niño Weakens Humboldt Current, Squeezing Anchovy Supply and Lifting Fishmeal Prices](https://feedsoft.ai/events/512-analysis-el-nino-weakens-humboldt-current-squeezing-anchovy-supply-and-lifting.md) | -3.6% | — |
| SBM | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -4.5% | -7.2% |
| SBM | 2023-03-08 | [Global vegetable oil prices seen rising for the rest of 2023 on supply uncertainty: Oilworld's Mielke](https://feedsoft.ai/events/36959-global-vegetable-oil-prices-seen-rising-for-the-rest-of-2023-on-supply.md) | -1.9% | -8.4% |

## Sources

- intrafish.com: https://www.intrafish.com/feed/-the-last-crumb-of-fishmeal-fish-oil-and-fishmeal-prices-face-record-new-highs-amid-acute-supply-shortage/2-1-1494999

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