IFFO: Peru quota confirmed as global fishmeal and fish oil output rises.
Global fishmeal and fish oil production continued to grow in 2025, supported by a higher Peruvian quota and increased output in most producing regions, according to the Marine Ingredients Organisation (IFFO).
Peru’s authorities have set the quota for the second North-Centre fishing season at 1,630,000 tonnes, for a season that started on 7 November 2025. IFFO said the level is in line with the quota granted in the last quarter of 2023 but below that of Q4 2024, and described it as reflecting a science-based approach for a fishery that typically supplies about 20 percent of global fishmeal in an average year.
IFFO’s projections for 2025 remain unchanged at 5.6 million tonnes of fishmeal and 1.2–1.3 million tonnes of fish oil. By September, cumulative fishmeal output was up around 8 percent year on year, with most regions reporting growth except Iceland and the wider North Atlantic. Fish oil production was up about 6 percent over the same period, with Spain and Peru the main outliers due to lower oil yields in Peru’s recent season.
In China, domestic marine ingredient production has slowed as the aquaculture peak season ends, and total fishmeal and fish oil output for 2025 is expected to fall compared with 2024. However, fishmeal use in aquaculture has exceeded last year’s levels, supported by favourable performance-to-price ratios and continued growth in farmed output across major regions through September.
By contrast, piglet and pig-feed demand is weakening amid a pessimistic outlook for the pork sector. The sow herd is being cut by around one million head by January 2026. IFFO expects fishmeal use in pig feed to rise in 2025 on higher piglet supply, then decline in 2026 as fewer piglets are born.
Soybean meal prices in China have stayed broadly stable in recent weeks, while corn prices are lower year on year on ample supply and softer demand. Soybean imports through September were up 5.3 percent year on year, reflecting resilient demand for crushing and feed.
