Fishmeal Production Craters 49% Amid Peru and Chile Catch Decline

Global fishmeal production has taken a significant hit this year, falling by 49% compared to the same period in 2025. The decline is attributed mainly to reduced catches in Peru and Chile, which are among the largest contributors to global supplies.

The contraction also extends to fish oil production, with a 30% drop recorded over the first seven months of 2026. This tightening of supply conditions has significant implications for aquafeed manufacturers, particularly those catering to carnivorous species and high-nutritional-requirement production stages.

While IFFO's data do not directly translate into feed price changes, they suggest that suppliers will be operating in a more constrained market environment. Peru and Chile's combined output has historically been crucial to meeting global demand, but their reduced contributions are now exerting pressure on available supplies.

However, there is some cause for optimism as Asian countries like China, India, and Oman may offset the shortfall with increased production during the final quarter of 2026. China has already resumed domestic marine ingredient production in August, with preliminary estimates indicating output exceeding last year's levels by July.