Peruvian anchovy quota may not be fully met

Published 2024년 10월 28일

Tridge summary

The IFFO Annual Conference in Lisbon brought together global experts to discuss the state of the fishmeal and fish oil industry, amidst a surge in Peruvian anchovy production and a large Chinese inventory. Peru's Production Department has set a new quarterly quota for fishmeal at 2.51 million tons, a significant increase that could lead to lower prices due to an already saturated market. Despite this, the quality of China's fishmeal and fish oil production has improved. However, the aquaculture market is currently stagnant, with a decrease in aquatic feed production in the first half of 2024. The future of the industry remains uncertain, with predictions for Peru's actual production ranging from 1.8 to 2.3 million tons.

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

Original content

From October 21 to 23, the IFFO Annual Conference was held in Lisbon, Portugal. This conference invited global fishmeal and fish oil industry experts to analyze global fishmeal production, consumption and trade data against the backdrop of a strong recovery in the Peruvian anchovy industry. The Peruvian Production Department has just announced a new quarterly quota for the central and northern regions, totaling 2.51 million tons, far exceeding industry expectations. Combined with the huge inventory of more than 350,000 tons at Chinese ports, the future market supply can be said to be quite abundant, which also means that prices will be under greater downward pressure. Maggie, Director of IFFO China Xu said in the report that China's fishmeal production reached 623,000 tons in 2023. While the production increased, the quality also improved. The fish oil production also increased to 121,000 tons. The production in 2024 is expected to be lower than that in 2023. In 2024, driven by ...

Source: Foodmate