In the first five months of this year, the cumulative output of major fishmeal producing areas in the world increased by 40% year-on-year

Published 2024년 7월 23일

Tridge summary

The article reports on the successful conclusion of the first anchovy fishing season in Peru's North-Central fishing zone for 2024, which saw a significant surplus of supplies, resulting in over 98% of the quota being met. This event is anticipated to have a positive impact on the fishery and feed industries, as Peru is a major contributor to the global fishmeal supply. The Southern Fishing Zone also ended its season with a slight surplus. The cumulative fish oil production in these zones experienced a year-on-year increase of approximately 10.8% by May 2024. In contrast, China's aquafeed production in the first half of 2024 was lower than the same period in 2023, due to reduced aquaculture activity, which could lead to decreased demand for feed ingredients in the near future.

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Original content

The significant year-on-year increase in Peruvian anchovy supplies was the main factor behind this growth. The first 2024 anchovy season in Peru’s North-Central fishing zone ended in June with over 98% of the quota fulfilled. Considering that Peru accounts for around a fifth of global fishmeal supply in an average year, IFFO sees this as a very positive sign for the fishery and feed industries. Peru will also have a second season this year under an independently set quota that takes into account biomass. In Peru’s Southern Fishing Zone, the first season ended with a catch slightly above the first season quota by 10%, and a new quota for the second season has been announced, with operations starting on 1 July. Cumulative fish oil production in the above-mentioned zones increased by around 10.8% year-on-year to May 2024, also driven by increased supplies from Peru. In ...

Source: Foodmate