Fishmeal supplies will remain tight, and prices firm
Sustainability and prices discussed at annual IFFO conference
Sustainable Business Development was the theme that attracted a record 350 delegates from 31 countries to the International Fishmeal and Fish Oil Organisation (IFFO)’s annual conference, held recently in
In his opening address, IFFO director general, Jonathan Shepherd, discussed concerns about the sustainability of fishmeal and fish oil and why much of it is unfounded.
“We have a good news story but the industry must be prepared to sit down with its critics and explain why,” said Dr Shepherd. “There are commercial pressures for differentiation from retailers, but other industries have been able to enhance their reputations as responsible suppliers via systematic dialogue. In order to progress this issue, the board of IFFO has established a small working party on sustainability,” he said.
Rear Admiral Héctor Soldi, President of the Peruvian marine science institute, IMARPE, said that the sophisticated climatic monitoring and forecasting systems now in place predicted a mild El Niño in the coming months, but that it was as yet too early to quantify its impact on feed fisheries, including the important Peruvian anchoveta fishery.
Dr Viggo Halseth, Managing Director of the Skretting Research Centre in
Danish investment banker Jens Bjerg Sørensen, CEO of Schouw & Co., which recently acquired aquafeed manufacturer BioMar, explained that his definition of a sustainable business included corporate responsibility, integrity and social viability as well as potential for growth, strong R&D, strategic leadership and return on investment.
Professor Ragnar Tveterås of the
IFFO issued its customary post-conference report on the outlook for the market:
“The overall market message is that for 2007 global fishmeal and fish oil supplies will remain tight and prices are therefore likely to stay firm. The lower production in 2006 and 2007 compared with 2005 reflects a responsible and precautionary approach to catch limits on the part of the relevant governments, especially in
Following recent appointments, the senior management team at IFFO now comprises Director General, Jonathan Shepherd; Technical Director, Andrew Jackson; Director of Market and Trade Issues, Jean-François Mittaine; and Business Administration Manager, Jorge Mora. Wenpu Jin was appointed earlier this year by IFFO and the China-British Business Council (CBBC) as Project Manager working exclusively for IFFO from CBBC’s