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ANGOLA - Fishmeal and fish oil sector regains strength

Fishmeal and fish oil industry is again gaining strength in Angola, which in 1974 positioned itself among the top exporters of these products but then this industry collapsed for several reasons. As a result of an incentive policy for private investment, the sector has started to recover and in 2014 it managed to reach a production level that has led it to regain the strength of the old days. According to the Ministry of Fisheries, that year fishmeal production reached 4,744 tonnes, and in 2015 it amounted to 10,874 tonnes, which implies an increase of 129.2 per cent.

July 14, 2016

Fishmeal and fish oil industry is again gaining strength in Angola, which in 1974 positioned itself among the top exporters of these products but then this industry collapsed for several reasons.

As a result of an incentive policy for private investment, the sector has started to recover and in 2014 it managed to reach a production level that has led it to regain the strength of the old days. According to the Ministry of Fisheries, that year fishmeal production reached 4,744 tonnes, and in 2015 it amounted to 10,874 tonnes, which implies an increase of 129.2 per cent.

For this year and next year forecasts point to an output of 20,000 tonnes of fishmeal, which would generate annual revenues of AOA 1,800 million (USD 10.8 million), Jornal de Angola reported.

With regard to fish oil production, it changed from 1,425 tonnes in 2014 to 5,304 tonnes in 2015, which implies a growth of 272.2 per cent year on year.

The recovery of the Angolan processing industry is being developed in a sustainable manner, in accordance with Presidential Decree 11/16, establishing management measures for marine fisheries, inland fisheries and aquaculture for this year.

In this context, only a limited number of fishmeal and fish oil factories can operate so that there is no significant impact on the sustainability of resources and food supplies to the population.

Source: FIS // Original article

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