The price of fish meal has increased sharply since the beginning of June and could be set to rise further as the world prepares for a possible El Niño.
In the US fish meal is made from two main sources: the whole remains of a fish called the Menhaden, a small oily fish used exclusively for fish meal and oil production, and trimmings from Alaska pollock. Total US fish meal production is approximately 340,000 tons per year, making it the fifth largest producer globally. Approximately 250,000 tons are used domestically and the rest exported, making the US the fourth largest global exporter. The fish meal industry is truly global and it is thought that the average distance fish meal is transported between production and end use is 5,000 miles. Consequently, issues affecting one major producer can also affect prices of other producers.
The largest global producer of fish meal is Peru, with 25 percent of global production and the majority exported, making it the largest global exporter. Most of Peruvian fish meal comes from a species known as the anchoveta. The Peruvian anchoveta fishery is highly susceptible to El Niño conditions, when an upwelling of cold nutrient rich water off the coast of South America known as the Humboldt Current is disrupted. This leads to a reduction in the amount of plankton available as food for the anchoveta, which leads to a smaller number of fish and lower catches.
Since April the coast of Peru has seen warmer sea temperatures, leading many to forecast the onset of El Niño conditions before the end of the year. These warmer temperatures also led to the Peruvian authorities opening the first fishing season of the year early to try and increase catch levels. Even so the catch levels are reported to be low. Lower volumes of anchoveta in Peru will lead to a fall in fish meal production and higher prices. As feed is the largest cost for the production of many farmed fish, high prices of fish meal can lead to higher prices of farmed fish and prawns.
However, in recent weeks the recorded sea temperatures are slightly cooler softening the severity of a potential El Niño and possibly reducing the effect on the global food industry.
(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.
(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
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