China’s declining fishmeal imports

China’s fishmeal imports in January and February 2022 decreased year on year, with Peru, Russia, and Vietnam the top suppliers of the raw material to the Asian country, finds the IFFO. While the rate of fishmeal offtakes from ports is beginning to accelerate now, it was lower in the first quarter of 2022, compared with the same period the year prior, reported the IFFO. The marine ingredients organization reckons that, among the reasons for such a decrease, are earlier procurement from feed mills at the end of 2021, along with logistical challenges and sanitary prevention measures against COVID-19 at ports in China. The IFFO's outlooks tend to have a heightened focus on the Chinese market as the country is the biggest market for marine ingredients globally. In its latest update, it said that, amid severe disruptions due to COVID-19 linked restrictions, domestic fishmeal and fish oil production in China remains subdued. In May, the new fishing moratorium will be imposed across the ...