Peru: Fishmeal production up 30 percent in 2023

Published Jun 6, 2023

Tridge summary

IFFO has reported a 36% increase in global fishmeal production, largely due to a late start to the 2022 fishing season in Peru, with the country accounting for 20% of the world's production. The upcoming anchovy fishing season is expected to further boost production. However, fish oil production has seen a 7% decline in the first four months of 2023, primarily due to a reduction in Northern European production.

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

Original content

As in March, when IFFO reported that production was up another 36 percent, the main reason for the increase was increased fishmeal production in Peru due to the late start of the second 2022 fishing season in the north-central region. countries. IFFO said production in the second half of 2023 will be driven by Peru's first anchovy fishing season, which will begin with a research tour on June 3, according to a June 1 statement from the Peruvian government. “The quota for this region is tentatively set at 1.091 million tons. The fishing season will continue after the exploratory fishery, if results permit, the quota may be changed depending on the new biomass estimate,” the IFFO said in a statement. "This announcement is of strategic importance to the marine ingredients industry, given that, on average, based on annual production rates over the past decade, Peru accounts for 20 percent of the world's fishmeal and fish oil production." IFFO, which tracks fishmeal production in Peru, ...

Source: Fishretail