# IFFO: Peru performance drives 50% lift in global fishmeal, oil output for May - Undercurrent News

> IFFO data show global fishmeal and fish oil output rose about 50% in May, driven mainly by Peru. The increase reflects stronger Peruvian landings.

- Date: 2021-07-08 · published 2021-07-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/45966-iffo-peru-performance-drives-50-lift-in-global-fishmeal-oil-output-for-may
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher output adds fishmeal supply, which is bearish for prices, although the Peruvian season is nearing its end.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2021/07/08/iffo-peru-performance-drives-50-lift-in-global-fishmeal-oil-output-for-may/

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