On-the-Ground Updates

Availability of Fish Meal From Peru Dropped Significantly in 2023

Gonzalo Estevez

Published Dec 4, 2023

The "El Niño" phenomenon has significantly impacted the catch volumes of Anchovy (Engraulis ringens) and Giant Squid in Peru throughout 2023. This resulted in a substantial 70% year-on-year (YoY) decrease in fish meal production in the country, contributing to a global market price increase ranging from 10 to 20% YoY.

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