The Chinese are looking for fish powder all over the world, buying large quantities in Vietnam

According to VASEP, while fishmeal imports from Vietnam are increasing, in 2023, fishmeal imports from Peru to China will decrease by 51% to 430 million USD, due to El Nino weather reducing Peru's anchovy production. Previously, China depended on Peru - the source accounted for more than half of imported fishmeal, serving the country's huge livestock and aquaculture industries. Last year, China also bought a record 124,000 tons of fishmeal from India, mainly from small pelagics such as sardines and mackerel, more than doubling the volume by 2022. Imports from Russia increased 20% to 134,000 tons. Imports from the US, Myanmar and Ecuador also reached new highs. China is importing about 80 million tons of soybeans, an extremely large number. But they still need other proteins, including fishmeal. In Vietnam, MarinTrust's only sustainable fishmeal products are from tuna, shrimp and pangasius scraps -- not fishmeal from mixed fisheries or small forage fisheries. According to VASEP, ...