report prepared by IFFO showed that cumulative production of fishmeal increased
by 6.5 percent while fish oil production increased by 12 percent when compared
to the same period of the previous year.
The IFFO report showed that during the first eight months of 2021, total cumulative production of fish meal and fish oil in key countries (namely Chile, Denmark, Faroe Islands, Iceland, India, Ireland, Ivory Coast, Mauritius, Norway, Peru, South Africa, the UK and the USA) is trending higher. Data showed that fishmeal is up by 6.5 percent and fish oil is up by 12 percent.
Regarding fishmeal, Peru, Chile and India continued to be the countries to report a higher cumulative production in 2021 with respect to the same period in 2020. Similarly, in terms of fish oil, Peru, Chile, and India are the regions that so far have managed to increase their cumulative production during the first eight months of this year.
By the end of September, all marine fishing bans have been lifted. As usual, the initial wild captures were mainly for direct human consumption, leaving small tonnage for fishmeal and fish oil. Domestic marine ingredients production usually has its peak in the last quarter of the year, therefore it is not clear yet what the local supply of fishmeal and fish oil will be this year.
Despite the worldwide containers' crisis, shipments of imported fishmeal continue to grow year on year, with historically high stocks in the ports’ warehouses. Demand for marine ingredients remains healthy.