# What’s on the horizon for marine ingredients in 2023? | The Fish Site

> IFFO data show fish oil output in the first 11 months of 2022 rose year over year, while fishmeal output fell. The fishmeal decline mainly reflects a late start to Peru's second 2022 season, leaving a deficit of about 1.15 million tonnes of raw material. Chinese marine ingredient production remains subdued and aquafeed output rose slightly in 2022.

- Date: 2023-01-23 · published 2023-01-23T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/37885-what-s-on-the-horizon-for-marine-ingredients-in-2023-the-fish-site
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tighter Peruvian raw material supply keeps fishmeal relatively firm, while rising fish oil output adds supply to that market. Chinese demand softness limits upside.

## Read by commodity

- PALMOIL: neutral
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-02-04 | [Marine ingredients production – World Fishing](https://feedsoft.ai/events/42616-marine-ingredients-production-world-fishing.md) | +0.6% | +14.5% |
| PALMOIL | 2023-02-10 | [IFFO reports on marine ingredients market trends 2023 - International Aquafeed](https://feedsoft.ai/events/37410-iffo-reports-on-marine-ingredients-market-trends-2023-international-aquafeed.md) | -0.4% | -0.7% |
| PALMOIL | 2021-02-16 | [Diminishing the EU’s deforestation footprint: The where and the how - IEEP AISBL](https://feedsoft.ai/events/48666-diminishing-the-eu-s-deforestation-footprint-the-where-and-the-how-ieep-aisbl.md) | +3.3% | +14.7% |
| PALMOIL | 2021-01-25 | [Overview Of The Global Palm Oil Sector In 2020 And Outlook For 2021 – MPOC](https://feedsoft.ai/events/49039-overview-of-the-global-palm-oil-sector-in-2020-and-outlook-for-2021-mpoc.md) | +0.3% | -0.3% |
| PALMOIL | 2023-08-30 | [Rapeseed prices fell on forecasts of increased acreage in Ukraine, despite a decrease in the forecast for the canola harvest in Canada](https://feedsoft.ai/events/34691-rapeseed-prices-fell-on-forecasts-of-increased-acreage-in-ukraine-despite-a.md) | +0.6% | -3.1% |

## Sources

- thefishsite.com: https://thefishsite.com/articles/whats-on-the-horizon-for-marine-ingredients-in-2023

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