# IFFO reports higher fishmeal supply, but lower demand in China - Saving Seafood

> SeafoodSource reports IFFO data showing global fishmeal production up 36% year on year through March 2023. IFFO also says Chinese demand is lower, and the output gain reflects improved raw material availability and Peru's late season start.

- Date: 2023-05-16 · published 2023-05-16T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/36048-iffo-reports-higher-fishmeal-supply-but-lower-demand-in-china-saving-seafood
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher global supply combined with weaker Chinese demand points to softer fishmeal prices, although the Peru season timing could still change the picture.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- savingseafood.org: https://www.savingseafood.org/news/international-trade/iffo-reports-higher-fishmeal-supply-but-lower-demand-in-china/

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