# Fishmeal and fish oil: Peru halts most fishing, Chinese demand wanes

> The FAO reports that Peru has halted most of its anchoveta fishing after poor weather and high juvenile catches cut output. The north-central quota was 84 percent filled, and oil yields fell to 2 percent against a normal 3 percent. Higher North Atlantic quotas and Icelandic catches are partly offsetting the shortfall, while Chinese fishmeal demand has weakened.

- Date: 2023-03-16 · published 2023-03-16T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/36758-fishmeal-and-fish-oil-peru-halts-most-fishing-chinese-demand-wanes
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Peru's shortfall cut global fishmeal supply by an estimated 6.7 percent and fish oil by 12.7 percent, which supports prices. Softer Chinese demand and large stocks in storage limit the upside.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- fao.org: https://www.fao.org/in-action/globefish/news-events/news/news-detail/Fishmeal-and-fish-oil-Peru-halts-most-fishing-Chinese-demand-wanes/en

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