# Peru’s reduced fishmeal production drives down global output

> Global fishmeal and fish oil output has dropped after Peru cancelled its main north-central anchovy season in June 2023. IFFO says fishmeal output through May was down 10% year over year, with Peru down about 50% and fish oil down 22%.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: disease · region Peru · magnitude high
- Page: https://feedsoft.ai/events/35118-peru-s-reduced-fishmeal-production-drives-down-global-output
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peru is the largest reduction fishery in the world, so the loss of its season tightens global fishmeal and fish oil supply and supports higher prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-10-06 | [ASF gap in China drives global protein inflation
						 \| The Pig Site](https://feedsoft.ai/events/50592-asf-gap-in-china-drives-global-protein-inflation-the-pig-site.md) | +3.8% | +9.2% |
| SBM | 2026-10-29 | [Global fishmeal crisis to extend into 2027 as Peru shutdown reshapes supply, trade - Undercurrent News](https://feedsoft.ai/events/1336-global-fishmeal-crisis-to-extend-into-2027-as-peru-shutdown-reshapes-supply.md) | -3.3% | — |
| SBM | 2023-07-24 | [Are hopes for the resumption of Peru's anchovy season fizzling out?](https://feedsoft.ai/events/34937-are-hopes-for-the-resumption-of-peru-s-anchovy-season-fizzling-out.md) | +2.4% | -6.8% |
| SBM | 2023-08-21 | [Canceled Peru anchovy season costs industry $1 billion; fishmeal plants shut down for first time in 30 years](https://feedsoft.ai/events/34466-canceled-peru-anchovy-season-costs-industry-1-billion-fishmeal-plants-shut-down.md) | +2.6% | -3.1% |
| SBM | 2026-08-26 | [El Niño disrupts marine ingredient production, IFFO reports - Feed & Additive Magazine](https://feedsoft.ai/events/17375-el-nino-disrupts-marine-ingredient-production-iffo-reports-feed-and-additive.md) | +4.1% | +7.6% |

## Sources

- seafoodsource.com: https://www.seafoodsource.com/news/supply-trade/peru-s-reduced-fishmeal-production-drives-down-global-output

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