Peruvian fishmeal prices are expected to remain stable in coming weeks, having already recently fallen amid strong supply from Peru, Europe and Chile.

"Prices at the moment are stable both in China and Peru," a source from a large Peruvian fishmeal producer said.

Pre-sales of Peruvian fishmeal from this ongoing season appear to be at around 500,000 metric tons, most of which in the process of being delivered to China, Enrico Bachis, market research director for IFFO, the marine ingredients organization, told Undercurrent.