Latest data shows lower global use of marine raw materials

Published 2022년 5월 18일

Tridge summary

A report by IFFO for March 2022 shows a 6% decrease in raw material use compared to the same month in 2021, with India, Iceland/North Atlantic area, and African countries increasing their fishmeal and fish oil production. However, Peruvian production had a slow start due to a quota landing, causing a delay in the usual aquaculture season start. The aquaculture season was disrupted by China's zero-Covid policy and unstable weather, leading to decreased imports of fishmeal and increased domestic soybean meal prices, with corn feed demand weakening due to issues in the pig sector.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In March 2022, the overall performance of the countries analysed in the IFFO report was in line with the 2013 to 2021 average for the same month. This sample of countries, based on the IFFO Membership, covers approximately 50 percent of the world's production of marine ingredients, and can be taken as a proxy for global trends. Overall, the raw material used in March 2022 by the countries considered in this report was 6 percent lower when compared to the same month in 2021. In terms of fishmeal, India, the Iceland/North Atlantic area and the African countries were the only regions considered in this report which increased their cumulative production during the first three months of 2022. In terms of fish oil, the US, the Northern European area and the African countries were the regions that reported a year-over-year increase. “This is mainly due to a slow start in Peru, as the quota granted in the last quarter of 2021 was almost completely landed by the end of 2021. Usually, part ...

Source: Thefishsite