Despite declines in the main fishmeal producing countries, total production increased last year
Worldwide fish meal production is set for another year of growth. After 2020, fish oil production increased 11% and fish oil production increased 12%, according to IFFO, The Marine Ingredients Organization.
The world’s largest fishmeal producers, including Chile, the United States, and India, reported a significant drop in production in 2020, especially during shutdowns related to COVID-19, according to IFFO. Although these are typically among the countries responsible for producing more than 50% of the world’s fish meal and fish oil, growth in other countries, including Japan, Thailand, Russia, Morocco, and Germany, outpaced last year Declines.
The total fish meal supply increased by more than 100,000 tons, and according to IFFO, the production of fish oil increased by 30,000 tons.
While the production of marine ingredients continues to increase gradually, the upward trend is likely to continue until 2021, according to Enrico Bachis, market research director at IFFO. Peru and the US in particular seem poised to make a comeback, he said.
“All elements are fine in Peru,” said Bachis. “Biomass is not affected by El Nino, the ocean is in very good condition and there are no problems with finding stocks. Because of this, Peru produces millions of anchovies. “
Bachis said that even the southern regions of Peru have seen solid production so far this year, although fishermen have to seek their catch farther from the mainland outside of the best anchovy areas.
However, Bachis said he doesn’t think production growth is likely to be big enough to affect fishmeal or fish oil prices this year. In addition, despite slower aquaculture production in China, demand remains stable as efforts to regrow Chinese pig herd have increased demand for marine ingredients, which Bachis said are valued in China for promoting sow health.
“Usually every tonne of the marine ingredients produced is used up,” said Bachis. “The demand is always there. So unless you are in a massive shock, prices tend to be stable. “
Emma Penrod has been involved in science and business with a focus on health, the environment and agriculture for more than a decade. Penrod covers the animal feed industry for FeedStrategy.com and can be contacted at [email protected].
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