Recent news: the U.S. department of agriculture's world oilseed market trade report released in May showed a small reduction in global fish production and trade in 17/18.Peru remains the world's largest producer and exporter of fishmeal, accounting for almost a third of global trade.In recent years Peru has tightened its grip on fishing, reducing its annual output and export volatility, though total production is still well below its early years of the decade.Due to the likely el nino phenomenon at the end of 2017, output and exports in Peru are expected to decline in 2018, close to 2016 levels.This will create a global supply of fishmeal and increase prices, as it has in the past few years.
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