# Fishmeal production rose by 36% in IFFO-tracked areas in Q1

> IFFO reports that fishmeal production in the regions it tracks rose more than 36% year on year in Q1 2023. The increase was driven mainly by a late start to Peru's second fishing season, while fish oil output fell 9%.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36047-fishmeal-production-rose-by-36-in-iffo-tracked-areas-in-q1
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A large rise in fishmeal output eases supply pressure in the marine protein market, which is bearish for fishmeal prices, though China's weaker domestic output limits the effect.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- fishfarmingexpert.com: https://www.fishfarmingexpert.com/feed-iffo-the-marine-ingredients-organisation/fishmeal-production-rose-by-36-in-iffo-tracked-areas-in-q1/1521493

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