# Fishmeal demand driven by Shrimp sector - Benison Media

> IFFO says fishmeal demand is driven mainly by shrimp farming in Asia and South America, along with China's pig sector and pet food. Asian buyers took over 70% of global fishmeal output in 2020, and China was the largest importer at 1.4 million tonnes.

- Date: 2021-10-30 · published 2021-10-30T12:00:00.000Z
- Category: report · region Asia · magnitude low
- Page: https://feedsoft.ai/events/44650-fishmeal-demand-driven-by-shrimp-sector-benison-media
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Steady shrimp and aquaculture demand, plus China's pig recovery, supports fishmeal prices, while subdued Chinese pig prices may temper growth.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- benisonmedia.com: https://benisonmedia.com/fishmeal-demand-driven-by-shrimp-sector/

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