# More fish meal, but growing interest in alternatives - Food & Agribusiness

> Rabobank reports that the absence of El Niño has increased Peruvian fishmeal and fish oil output this season, with anchovy quotas up 56% from 2016. Demand for marine ingredients is changing as producers adopt insect and algae alternatives.

- Date: 2017-08-02 · published 2017-08-02T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/69535-more-fish-meal-but-growing-interest-in-alternatives-food-and-agribusiness
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

About 500,000 tonnes of extra Peruvian fishmeal supply is expected, which should soften high marine ingredient prices. Growing substitution also limits future demand.

## Read by commodity

- SBM: neutral
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-12-05 | [Heavy rains improve central Brazil soil moisture but drought fears grow in southern South America](https://feedsoft.ai/events/13457-heavy-rains-improve-central-brazil-soil-moisture-but-drought-fears-grow-in.md) | -3.0% | -3.9% |
| SBM | 2024-03-07 | [Fishmeal, fish oil outlook buoyed by improving climatic conditions](https://feedsoft.ai/events/31276-fishmeal-fish-oil-outlook-buoyed-by-improving-climatic-conditions.md) | -0.8% | -1.9% |
| SBM | 2021-02-18 | [Brazil soy harvest moves slowly, corn advances despite early-season drought - Markets - Business Recorder](https://feedsoft.ai/events/48463-brazil-soy-harvest-moves-slowly-corn-advances-despite-early-season-drought.md) | -1.0% | -7.0% |
| SBM | 2021-02-04 | [Argentina's corn and soy crops pull away from stricken 2018 harvest - Markets - Business Recorder](https://feedsoft.ai/events/48461-argentina-s-corn-and-soy-crops-pull-away-from-stricken-2018-harvest-markets.md) | -2.4% | -3.6% |
| SBM | 2018-07-19 | [The price of canola growing in the background of a possible reduction of the crop in Europe](https://feedsoft.ai/events/64132-the-price-of-canola-growing-in-the-background-of-a-possible-reduction-of-the.md) | +0.5% | +0.4% |

## Sources

- foodagribusiness.world: https://www.foodagribusiness.world/feed/more-fish-meal-but-growing-interest-in-alternatives

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