Fishmeal and fish oil supply increased in first half of 2024
The overall production of fishmeal and fish oil in countries analysed by the International Fishmeal and Fish Oil Organisation (IFFO) increased in the first half of this year due to increased catches off the coast of northern-central Peru.
Fishmeal production rose by 40%, and fish oil production was up by 10% compared to the same period last year. Although the proportion of fishmeal and oil in salmon feed has decreased, they remain important parts of the feed formulations.
The first anchovy season in northern-central Peru is now over, with fishing banned. Only Peru’s southern fishing grounds are currently open to operations, with 15% of the quota landed so far.
55% of global production
IFFO’s data are based on statistics shared by its membership, which accounts for 55% of global marine ingredients production. The statistics cover Peru, Chile, Denmark / Norway, Iceland / North Atlantic, United States, African countries, and Spain.
In Chile, landings in the first six months of 2024 decreased, year on year, in the south, while they were up in the north of the country.
In Northern Europe, the volume of available raw materials is down, year on year, as expected due to the lower quotas granted in 2024 vs 2023.
In the US, menhaden catches continue to progress, although they remain below the levels reported in 2023.
