Over 85 percent of North-Central Peru’s 2.51 million tonne anchovetta quota for the second fishing season has been caught so far
According to IFFO, this “can largely be attributed to a significant increase in Peru’s cumulative supply, which offset decreasing supplies across the other regions”.
Peru’s 2.51 million tonne quota for the second fishing season in the North-Centre are of the country has, to date, been fulfilled by over 85 percent, while fishing operations are also underway in the southern part of the country.
As for fish oil, cumulative production through November 2024 in the countries analysed by IFFO saw a modest year-on-year growth of around 3 percent.
“Reduced fish oil production in other regions of the world almost offset gains recorded in Peru. However, the USA and the African countries also reported better cumulative fish oil productions during the January–November 2024 period,” stated IFFO.
China’s fishmeal market rebounds
In China, the peak season of domestic marine ingredient production is over and the country's overall production of fishmeal and fish oil in 2024 is expected to be lower than in 2023, according to IFFO. Meanwhile, China's cumulative fishmeal imports through October rose year on year, benefitting from the increased global supply. Annual usage of fishmeal in Chinese aquafeed in 2024 was higher than in 2023.
IFFO expects Chinese aquafeed production in the last quarter of 2024 to show a slight increase compared to the same period in 2023. This growth is attributed to higher-than-average temperatures in some Chinese regions and improved demand for aquafeed driven by declining feed ingredient prices. However, due to a weaker performance in the first three quarters, total domestic aquafeed production in 2024 is projected to fall short of the volumes recorded in 2023.
Meanwhile, fishmeal consumption in China’s pig sector remains concentrated on commercial piglet feed, which is predominantly purchased by medium- and small-scale farmers.
* These data are based on statistics shared by IFFO’s membership, which accounts for 55% of global marine ingredients production (Peru, Chile, Denmark-Norway, Iceland-North Atlantic, the USA, Ivory Coast, Mauritius, South Africa and Spain).
