Tridge summary
Between January and July 2024, global fishmeal and fish oil production saw significant increases, with Peruvian supply being a major contributor. Peruvian fishmeal production rose by 36% year-on-year, largely due to a productive first fishing season in the North-Central region. Global fish oil production also increased by 10%. However, fishmeal and small pelagic fish catches in Southern Chile and Northern Europe are lower than in 2023. In the US, menhaden fishing in the Gulf of Mexico is underperforming, but landings in the Atlantic are higher. In China, while fishing bans have led to increased domestic production, cumulative fishmeal imports have also grown, indicating higher stocking for the peak aquaculture season. Despite this, there are signs of weakened demand for fishmeal in China's aquaculture and pig farming sectors, and prices for plant-based feed ingredients remain lower due to reduced market demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Between January and July 2024, cumulative fishmeal production rose by nearly 36% compared to the same period in 2023. That increase was largely driven by a significant year-on-year surge in Peruvian supply following a highly productive first fishing season in the North-Central region of Peru, according to the IFFO. Global cumulative fish oil output through July 2024 also showed growth, increasing by approximately 10% year-over-year, reads the report. In Peru, a scientific cruise is currently assessing the anchovy biomass in the North-Central region, with results expected by mid-October. In contrast, catches of small pelagic fish used for marine ingredient production in Southern Chile and Northern Europe remain below 2023 levels. In the US, menhaden fishing in the Gulf of Mexico—a key resource for marine ingredients—continues to underperform, while landings in the Atlantic are higher than those recorded in 2023. These figures are based on data provided by IFFO members, who ...
Source: UKfeednavigator
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