To label the 2008 global fish oil market as calm would be the understatement of the year. Fish oil output dropped worldwide, and prices reached unprecedented highs. But by late last year, prices were in a freefall.
Through the first three-quarters of 2008, global fish oil production was down nearly 30 percent, to just under 400,000 metric tons, from 2007, according to the Food and Agriculture Organization.
Peruvian landings of anchovy and other small pelagic fish totaled 6.17 million metric to…
