# IFFO’s analysis on marine ingredient market trends (March 2023) | IFFO - The Marine Ingredients Organisation

> IFFO reports that raw material for fishmeal and fish oil was about 15% higher in February 2023 than a year earlier, and cumulative fishmeal output in the first two months of 2023 rose more than 55%. Fish oil output fell 20% over the same period, mainly from Iceland and the North Atlantic. Peru's second North-Centre season closed on February 5 with 84% of its 2.283 million MT quota landed.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36295-iffo-s-analysis-on-marine-ingredient-market-trends-march-2023-iffo-the-marine
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Much higher fishmeal output early in 2023 adds supply to feed markets, which is bearish for fishmeal prices, while lower fish oil supply is supportive for oils.

## Read by commodity

- PALMOIL: bullish ▲
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-09-08 | [1335. World Food Price Trends, August 2025 \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/23025-1335-world-food-price-trends-august-2025-japan-international-research-center.md) | +0.3% | -0.0% |
| PALMOIL | 2026-02-09 | [1434. January 2026 World Food Price Trends \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/20623-1434-january-2026-world-food-price-trends-japan-international-research-center.md) | -0.9% | +7.3% |
| PALMOIL | 2023-03-02 | [Fitch Solutions: Global palm oil market to record narrow deficit in 2022/2023 \| Malay Mail](https://feedsoft.ai/events/36963-fitch-solutions-global-palm-oil-market-to-record-narrow-deficit-in-2022-2023.md) | -0.0% | -5.3% |
| PALMOIL | 2026-03-09 | [1452. February 2026 World Food Price Trends \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/20206-1452-february-2026-world-food-price-trends-japan-international-research-center.md) | +3.6% | +8.6% |
| PALMOIL | 2019-04-22 | [Renewable Diesel is a Game Changer for Sustainable Aviation and Low Carbon Fuel Markets in the U.S., Canada, Europe and Southeast Asia  : The Daily Digest](https://feedsoft.ai/events/59475-renewable-diesel-is-a-game-changer-for-sustainable-aviation-and-low-carbon-fuel.md) | -0.4% | -6.7% |

## Sources

- iffo.com: https://www.iffo.com/iffos-analysis-marine-ingredient-market-trends-march-2023

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