Pricing Analysis: Growing demand for fishmeal to put further pressure on an already tight, and pricey, feed ingredient market

anchovies
Peru's anchovy fishery supplies the world's fishmeal and fish oil industries; its second season closure this year comes amid growing demand for both from the global aquaculture sector | Photo courtesy of Bilal Kocabas/Shutterstock
6 Min
Last week I discussed some potential effects of the Peruvian anchovy season closure on the salmon industry. This week I want to dig deeper into how the closure, and the continued increase in fishmeal and fish oil prices it will almost certainly cause, could influence the economic decisions of other aquaculture producers.    Indicators point to fishmeal demand growing rapidly in the next decade. A recent report from Rabobank, for instance, which modeled demand for fishmeal based on the current…

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