Fishmeal and Fish oil

Global fishmeal and fish oil markets tightened sharply in the first half of 2026, as lower quotas in Peru and Chile, reduced North Atlantic supply and rising El Niño risk lifted prices.

Higher catches in Peru continued to feed global supplies of fishmeal and fish oil in the first quarter of 2025. Peruvian exports of fishmeal rose to 421 000 tonnes, a 67 percent increase compared to the same period last year. Fish oil exports also increased to 66 700 tonnes, up from 7 800 tonn...

In 2023, global fishmeal production fell by 23 percent, while fish oil output declined by 21 percent, largely due to poor catches of Peruvian anchoveta, the primary global source of both commodities. Poor fishing conditions persisted into early 2024, but as El Niño conditions weakened, the sit...