Global fishmeal, fish oil production up through July 2024 on solid Peru anchovy fishery performance

A school of anchovies swimming through the ocean
Peru fished its whole anchovy quota of 2.48 million metric tons, marking a positive turnaround from a turbulent 2023 | Photo courtesy of ennar0/Shutterstock
4 Min

Cumulative global fishmeal and fish oil production was up year over year during the first seven months of 2024, thanks in large part to a strong first anchovy season in Peru.

Fishmeal production increased nearly 36 percent in January through July compared to the same period in 2023, while fish oil production was up 10 percent over the same time frame, according to IFFO - The Marine Ingredients Organization, a trade group representing several leading fishmeal and fish oil companies.

The organization credited the results to Peru’s “productive” anchovy-fishing season in the country’s north-central zone, when the industrial fishing fleet met the assigned 2.48 million-metric-ton (MT) total allowable catch (TAC).

The successful season also helped sustain operations in other areas


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