Fishmeal and oil production steadyMost regions reported an improvement in terms of availability of raw material in November

There was an improved availability of raw materials in November 2020, but cumulative production in 2020 remains in line with the previous year’s, according to IFFO’s analysis on marine ingredient market trends, January-November 2020.

In November 2020 the overall performance of the countries that IFFO has analysed was above the 2011- 2019 average for the same month. All regions, bar Chile, Denmark and Norway reported an improvement in terms of available raw material in November 2020 compared against November 2019.

Total cumulative fishmeal production through November 2020 (including salmon-based meal) remained slightly down with respect to the previous year (-0,7%), with annual reductions in all regions bar Peru, Denmark / Norway and African countries.

The total cumulative fish oil production in the first eleven months of 2020 was in line with that reported during the same period in 2019, with the drops reported in Peru, the USA and India offset by improved outputs in all the other areas under consideration in our analysis. India’s landings have continued to rebound since the imposition of a covid-19-related lockdown, reporting year-on-year improvements in all months since then.

In China, fishmeal imports seasonally dropped while consumption remains subdued and recovery of pig stock continues. Pig farming continues to recover, with the domestic stock that could reach 90% of the pre-African Swine Fever levels already in 2021.

During November, the average price of aquatic products dropped month on month, while the trading volume slightly climbed year on year. Shrimp imports are not expected to be as high as in 2019 though, following the reduced demand expressed by the covid-19-stricken food service sector.

Visit source site


Please enter your comment!
Please enter your name here