Successful Peruvian anchovy season slightly offset by lagging fishmeal, oil production in other markets, according to IFFO

Published 2024년 7월 15일

Tridge summary

The Peruvian anchovy-fishing industry has caught over 98% of its 2.48 million metric ton total allowable catch for the first half of 2024, significantly contributing to the global fishmeal and fish oil production. This surge has led to a 40% increase in cumulative fishmeal production in the first five months of the year compared to the same period in 2023, largely due to a recovery in the anchovy fishery. Additionally, Peru's fishing activities have resulted in a 10.8% increase in cumulative fish oil output from January to May 2024, while other regions have seen a decline in fish oil production.

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

Original content

The Peruvian anchovy-fishing industry has surpassed 98 percent of its 2.48 million metric ton (MT) total allowable catch (TAC) assigned for 2024’s first anchovy season in the country’s north-central zone, which bodes well for global fishmeal and fish oil production considering that Peru accounts for about one-fifth of global fishmeal supply.“[We] see this as a very positive sign for the fishing and feed sectors,” IFFO – The Marine Ingredients Organization, a trade group representing several leading fishmeal and fish oil companies, said in a release.A return to healthy status in the South American nation’s anchovy fishery has been the main driver behind cumulative fishmeal production jumping 40 percent in the first five months of the year when compared to the same period of 2023, according to an IFFO report which analyzed production from Peru, Chile, the Denmark-Norway-Iceland triumvirate of countries, the North Atlantic, the U.S., African ...

Source: Seafoodsource