The second fishing season in Peru’s North–Centre region is ongoing, with two thirds of the 1.63 million tonne quota completed so far.
‘This is a positive sign which leads us at IFFO to project a production of 5.4 million tons for fishmeal and 1.2 million tons for fish oil in 2025, commented Dr Enrico Bachis, IFFO’s market research director.
Based on the market reports which IFFO shares with its Members, by October 2025 the total cumulative annual fishmeal production rose by approximately 7% compared to the same period in 2024. This increase was driven by higher output in most regions, except for the Iceland and North Atlantic area, which reported a year-on-year decline.
Similarly, cumulative fish oil output through October 2025 showed a year-on-year increase of around 5%. Most countries recorded positive trends compared to January–October 2024, with the exception of Peru, where lower oil yields in 2025 played a significant role in the decline.
Cumulative fishmeal consumption in aquaculture is estimated to have exceeded last year’s levels so far, even though demand over the past two months has been lower on a year-on-year basis. China’s cumulative fishmeal consumption in aquaculture and pig farming is seen as likely to surpass that of 2024
