# Peruvian fishmeal, fish oil prices keep rising on El Nino fears - Undercurrent News

> Peruvian fishmeal and fish oil prices kept rising in May 2023 on fears of El Niño. Market participants expect supply constraints from the weather-driven fishery disruption.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: market · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/35851-peruvian-fishmeal-fish-oil-prices-keep-rising-on-el-nino-fears-undercurrent-news
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising fishmeal and fish oil prices raise feed formulation costs for aquaculture and pig and poultry producers, and could increase demand for soymeal substitutes.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2023/05/12/peruvian-fishmeal-fish-oil-prices-keep-rising-on-el-nino-fears/

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