# Rising prices send Vietnam scrambling for fishmeal – Asian Agribiz

> Vietnamese shrimp and fish producers are seeking alternative fishmeal sources because of an expected shortage of Peruvian supply. Peru cancelled its anchovy season in June due to El Niño. Some suppliers have already announced price increases.

- Date: 2023-08-20 · published 2023-08-20T12:00:00.000Z
- Category: weather · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/34685-rising-prices-send-vietnam-scrambling-for-fishmeal-asian-agribiz
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Vietnam's aquaculture sector is a sizable fishmeal buyer, so its search for substitutes adds demand pressure on other protein meals. Higher fishmeal prices are expected to persist through the second half of 2023.

## 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 | 2026-09-25 | [US harvest delays send soy processors scrambling for supplies \| Reuters](https://feedsoft.ai/events/17520-us-harvest-delays-send-soy-processors-scrambling-for-supplies-reuters.md) | -5.3% | -4.5% |
| 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 | 2023-01-23 | [Protein Feed Prices Rising \| Helping farmers in Scotland](https://feedsoft.ai/events/37907-protein-feed-prices-rising-helping-farmers-in-scotland.md) | +1.2% | +4.4% |
| 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% |

## Sources

- asian-agribiz.com: https://www.asian-agribiz.com/2023/08/21/rising-prices-send-vietnam-scrambling-for-fishmeal/

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