BIG IMPROVEMENT IN GLOBAL FISHMEAL AND FISH OIL OUTPUT
Big improvement in global fishmeal and fish oil output. There has been a 30% improvement in the fishmeal and fish oil global output in March 2021 compared with March 2020, according to IFFO’s (the marine ingredients organisation) latest analysis on market trends (April 2021).
The total cumulative productions of the countries considered in IFFO’s Market report through the first quarter 2021 were higher year on year: fishmeal up by 60%, fish oil up by 83%.
Peru and Chile were the only areas where the March performance was superior to the average of the previous 5-years for the same month. Yet, this was sufficient to produce an almost 30% improvement in the overall activities of March 2021 vs 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. The domestic aqua farming is still subdued but expected to pick up as soon as environmental conditions improve.
Although pig farming continues to be affected by outbreaks of ASF, the swine stock is estimated to be back to 400 million heads. The target of going back to pre ASF stock levels by the beginning of 2022 appears realistic. As a consequence, pig feed production continues to grow.