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While Peru's cumulative supply increased significantly year-on-year due to its strong anchovy seasons, the rest of the regions analyzed in IFFO's report, including China, showed a decline.

Copeinca is one of the world’s largest fishmeal and fish oil producers and exporters.

Global cumulative output of fishmeal grew by 36% and fish oil by 10% in the first half of 2024, compared with the same period last year.

The increase is due to to Peru’s strong fishing season, according to the latest IFFO report.

The framework of the front sector is an average, not a definitive figure; the result may be higher or lower in local negotiations.

IFFO - The Marine Ingredients Organisation has published its last report that shows global fishmeal and fish oil production trends in 2024.