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IFFO reports 30% improvement in the fishmeal and fish oil global output

Monday, May 17, 2021

In the latest IFFO’s market intelligence report on marine ingredients market trends, a 30% improvement in the fishmeal and fish oil global output is reported in March 2021 compared to March 2020. The total cumulative productions of the countries considered in IFFO’s market report through the first quarter of 2021 were higher year-on-year: fishmeal up by 60% and fish oil up by 83%.

Peru and Chile were the only areas where the March performance was superior to the average of the previous five years for the same month. Yet, this was sufficient to produce an almost 30% improvement in the overall activities of March 2021 compared to March 2020. Denmark shows a year-on-year increase in the supply of fish oil over this same period.

China’s fishmeal production remained poor in April, whereas the demand for aquatic products has been on the rise in recent weeks. Domestic fishmeal production remained poor in April, with operations suspended in Shandong. Similarly, the Liaoning fishmeal plants will not be operational until September due to the fishing ban.

The demand for aquatic products in China has been on the rise in recent weeks, supporting, in turn, their prices. Aquafeed output has also improved in view of the new aquaculture season. Domestic aquaculture farming is still subdued but expected to pick up as soon as environmental conditions improve.

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