# Ocean Shock: Fishmeal factories plunder Africa

> Reuters' Ocean Shock investigation describes Chinese demand pulling fishing fleets into West Africa to supply fishmeal factories. It notes Peru dominates world fishmeal exports and that El Niño has repeatedly cut its anchovy catch, which lifts prices.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/62640-ocean-shock-fishmeal-factories-plunder-africa
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Peru remains the price-setting supplier, so any El Niño-driven anchovy shortfall would push fishmeal prices sharply higher, while African output rising under Chinese demand adds supply.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-oceans-tide-sardinella-specialreport/ocean-shock-fishmeal-factories-plunder-africa-idUSKCN1N420W/

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