Global fishmeal production up 55% in 2023

Published May 5, 2023

Tridge summary

The Organization of Marine Ingredients Manufacturers (IFFO) has reported that Peru was the largest contributor to the global production of fishmeal in the first two months of 2023, mastering 84% of the allowed anchovy catch. However, the late start of the anchovy season is expected to affect the increase in production. On the other hand, the production of fish oil has decreased by 20% worldwide, primarily due to a decrease in production in Iceland and the North Atlantic, where the production situation was unfavorable due to a decrease in catch. The use of marine raw materials for the production of fish oil in February 2023 increased by 15% due to catch growth in most regions.

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

Original content

The Organization of Marine Ingredients Manufacturers (IFFO) has estimated the production of fishmeal and oil in the world since the beginning of 2023, according to the All-Russian Association of Fisheries Industry (VARPE). The WARPE report indicated that Peru made the largest contribution to the production of fishmeal in the first two months of 2023. The increase in production was affected by the late start of the anchovy season, the report noted. During this period, Peru mastered 84% of the allowed anchovy catch, which is more than 2.3 million tons of fish. The competent departments of the country will soon complete the assessment of anchovy stocks and give a forecast for the next season. At the same time, the production of fish oil in the world decreased by 20%, largely due to the reduction in the production of this product in Iceland and ...

Source: Fishretail