# Strong seafood demand mitigates poor fishmeal, oil catches for South African fishing giant Oceana

> South African fishing group Oceana reported that strong demand for canned fish, hake and horse mackerel offset a weak fishmeal and fish oil harvest. Oceana's CEO Imraan Soomra was quoted in the coverage.

- Date: 2019-11-18 · published 2019-11-18T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56161-strong-seafood-demand-mitigates-poor-fishmeal-oil-catches-for-south-african
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Poor fishmeal and fish oil output from a major producer reduces marine ingredient supply, which keeps fishmeal and oil prices firm for feed buyers.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- intrafish.com: https://www.intrafish.com/finance/strong-seafood-demand-mitigates-poor-fishmeal-oil-catches-for-south-african-fishing-giant-oceana/2-1-708165

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