IFFO projects steady fishmeal production despite slowdown in Peru

Demand for fishmeal has likely dropped for the first time in years, economist says.

June 30, 2025

Hand holding fish feed pellets over water with multiple fish swimming below

Bigc Studio | BigStock.com

Prices for fishmeal and fish oil are likely to decline some from their recent highs on steady global production and a slight drop in demand for fish meal, according to IFFO, the Marine Ingredients Organization.

Fishmeal and fish oil production rebounded in 2024 thanks to a strong catch in Peru after a difficult 2023, and production is expected to continue at similar levels in 2025, IFFO market research director Enrico Bachis said during the organization's China Summit on June 20.

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