Peru drives global fishmeal production surge

Published 2024년 11월 26일

Tridge summary

Peru has achieved nearly 20% of its total fishing quota in the North-Centre region since the season started on 1 November, with significant growth in fishmeal production and a modest increase in fish oil production. The country's production levels are helping to counterbalance declines in other regions, especially China, where wild catches have decreased, leading to a projected drop in fishmeal and fish oil production for 2024. However, China's total fishmeal imports for the first nine months of 2024 have risen, indicating stockpiling for the next aquaculture season. The global aquaculture feed production is predicted to decline for the rest of 2024, but fishmeal demand is expected to recover in April 2025 with the commencement of the main aquaculture season.

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

Original content

Peru, a leading player in the fishmeal and fish oil market, has fulfilled nearly 20 percent of its 2.51 million-metric-tonne fishing quota in the North-Centre region since the season began on 1 November, according to the IFFO. While fishmeal production saw substantial gains through the early months of 2024, fish oil output remained steady, with only a modest 1 percent increase year-on-year. Peru’s higher production nearly offset declines in other regions, highlighting its pivotal role in the global supply chain. In China, fishmeal and fish oil production has been subdued due to reduced wild catches, with 2024 levels projected to fall below those of 2023. Despite this, China’s cumulative fishmeal imports through September increased, suggesting stockpiling ahead of the ...

Source: Thefishsite