Corrective impact on fishmeal and fish oil prices
Fishmeal price fluctuation is an issue that remains top of mind for the industry. And a report on that very topic, published in early February, garnered your attention.
Last year was marked by severe shortages of fishmeal and fish oil, with supply constraints intensifying during the initial six months of 2023 but last month, Gorjan Nikolik, senior analyst in seafood at Rabobank, told us that enhanced fishmeal supply is likely to contribute to the normalization of prices this year.
The second Peruvian anchovy fishing season, spanning from November 2023 to January 2024, saw a catch rate of 75%, already prompting a corrective impact on fishmeal and fish oil prices. Nikolik anticipated a more substantial correction in these raw material prices to materialize in April.
Photo credit: GettyImages/Dilok Klaisataporn
