World production of fishmeal and fish oil increased thanks to Peruvian fishing

The world production of fishmeal between January and June registered a 40% growth compared to the same period last year, as announced by the International Marine Ingredients Organization (IFFO). Meanwhile, in the case of fish oil production, an increase of 10% was observed in the same period. In the analysis carried out by IFFO, it was found that the world production volumes of fishmeal and fish oil are the result of the successful first season of anchovy fishing in Peru, which has the largest fishery in the world. Currently, the Peruvian Marine Institute (Imarpe) is carrying out a research cruise to evaluate the situation of the anchovy biomass (which has a stability of 9.5 million tons per year) to determine the quota for the second fishing season. Unlike what is happening in Peru, IFFO mentions that in other countries, fish supplies for the production of fishmeal and oil are declining in 2024. In the case of Chile, southern landings fell in the first quarter, but increased in ...