Global fishmeal supply to remain stable in 2024 thanks to stable supply from Peru

Published 2025년 1월 20일

Tridge summary

Peru's fish oil and meal production has significantly increased, contributing over 85% of its quota for the second fishing season in the north-central part of the country. Despite this, the global production of fish oil experienced a modest 3% rise from the previous year, with the United States and African countries compensating for the decrease in other regions. However, the peak domestic production season for marine ingredients is expected to result in lower production in 2024 compared to the previous year. Despite this, cumulative fishmeal imports have increased due to increased global supply, and the annual use of fishmeal in aquafeeds has recovered in 2024, with a slight increase in aquafeed production expected in the fourth quarter of 2024.

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

Original content

The sharp increase is attributed to a significant increase in cumulative supply from Peru, which offset a decrease in supply from other regions. As of January 9, 2025, Peru had fulfilled more than 85% of its quota of 2.51 million tonnes for the second fishing season in the north-central part of the country, with fishing operations ongoing in the south of the country. Regarding fish oil, the countries analyzed in the IFFO report saw a modest year-on-year increase of about 3% in cumulative production through November 2024. The organization noted that a decrease in fish oil production in other parts of the world almost offset Peru's increase, but the United States and African countries reported better cumulative fish oil production in the January-November 2024 period. Its data is based on statistics shared by IFFO members, which account for 55% of global marine ingredient production (Peru, Chile, Denmark-Norway, Iceland-North Atlantic, United States , Ivory Coast, Mauritius, South ...

Source: Foodmate