Peru: Oilseeds and Products Annual
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After the 2023/24 El Niño cycle, fishmeal production in marketing year (MY) 2024/25 is expected to recuperate back to 1.1 million metric tons (MMT), a 39 percent increase compared to the previous year's estimates. Fishmeal exports in MY 2024/25 are forecast at 1.08 MMT, recovering 35 percent compared to the previous year. Due to the probability of a return to La Niña weather conditions, total catch and fishmeal production are expected to increase in calendar year (CY) 2024.