The Peruvian authorities have announced that the anchovy quota for the second fishing season in the North-Centre of Peru – started on 7th November 2025 – would be 1,630,000 tonnes.
‘This quota is well above the provisional quota set on 1st November and signals a science-based approach for the world’s largest single species fishery, which produces 20% of global fishmeal in an average year,’ commented IFFO’s market research director Dr Enrico Bachis.
‘The biological survey completed a few days ago places the quota in line with the one granted for the last quarter in 2023 but below the one authorised in quarter IV 2024. Our projections for the 2025 global production remain at 5.6 million tonnes of fishmeal and 1.2-1.3 million tonnes of fish oil.’
By September 2025, the total cumulative annual fishmeal production rose by approximately 8% compared to the same period in 2024. This increase was driven by higher output in most regions, except for Iceland and North Atlantic area which reported year-on-year declines.
Similarly, cumulative fish oil output through September 2025 showed a year-on-year increase of around 6%. Most countries recorded positive trends compared to January–September 2024, with the exception of Spain and Peru. When it comes to Peru, lower oil yields during the recent fishing season played a significant role in the overall decline.
China’s domestic marine ingredient production has slowed just as the aquaculture peak season is ending. With rising production costs, fishmeal and fish oil output in 2025 is expected to decline compared with 2024. No meaningful increase in wild fish raw material supply is anticipated for the remainder of 2025.
China’s domestic aquaculture output continued to grow through September across major farming regions, with overall operations stable despite periodic weather disruptions. The peak season for aquafeed and marine ingredient demand ended in early November as temperatures fell. Fishmeal use in aquaculture has exceeded last year’s, supported by better performance-to-price ratios.
