Vietnam becomes China’s second largest fishmeal supplier

According to news from SeafoodMedia on February 26, China will import 1.65 million tons of fishmeal in 2023, a year-on-year decrease of 9%. Among them, imports from Vietnam will be 262,000 tons worth US$425 million, a year-on-year increase of 24% and 48% respectively. ​ Vietnam is the second largest supplier of fishmeal imports to China, after Peru. ​ In 2023, due to a decrease in Peruvian anchovy production due to El Niño weather, China's fishmeal imports from Peru decreased by 51%, with an import value of US$430 million. ​ The top five supplier countries also include Russia, Thailand and India. ​ Due to the reduction in Peruvian fishmeal supply, China's purchases from other supplier countries increased by 29% to 1.2 million tons. China imported 124,000 tons of fishmeal from India, which has more than doubled from 2022. ​ Most aquafeed ingredients currently come from fish processing by-products, with one-third of current production coming from aquaculture by-products. ...