2024 fishmeal production higher than in 2023 so far due to Peru's strong anchovy seasons

2024 fishmeal production higher than in 2023 so far due to Peru’s strong anchovy seasons. In the first nine months of 2024, cumulative fishmeal production increased by almost 23% compared to the same period in 2023*. The significant year-on-year increase of the Peruvian cumulative supply was the main factor behind such positive trend, since the rest of the regions analysed in this report reported a decline compared to January-September 2023. In Peru, which historically has represented on average 20% of the global fishmeal and fish oil production, almost 20% of the 2.51 million-mt quota has, to date, already been fulfilled in the North-Centre region since the fishing season started on 1st November. When it comes to fish oil, total cumulative output through September 2024 was nearly unchanged, showing just a 1% increase year-over-year. This modest growth was primarily driven by the increased output from Peru almost totally offset by declines in cumulative production from all other ...