# IFFO releases Marine ingredients market trends report - International Aquafeed

> IFFO's market trends report shows cumulative fishmeal production in the first five months of 2023 down more than 10% from a year earlier. The drop is driven mainly by a roughly 50% fall in Peru, and China's weak domestic output is driving higher imports.

- Date: 2023-07-24 · published 2023-07-24T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35120-iffo-releases-marine-ingredients-market-trends-report-international-aquafeed
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Lower Peruvian output and rising Chinese import demand tighten the global fishmeal balance and support prices for feed buyers.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- aquafeed.co.uk: https://www.aquafeed.co.uk/iffo-releases-marine-ingredients-market-trends-report/

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