The Peruvian anchovy-fishing industry has surpassed 98 percent of its 2.48 million metric ton (MT) total allowable catch (TAC) assigned for 2024’s first anchovy season in the country’s north-central zone, which bodes well for global fishmeal and fish oil production considering that Peru accounts for about one-fifth of global fishmeal supply.
“[We] see this as a very positive sign for the fishing and feed sectors,” IFFO – The Marine Ingredients Organization, a trade group representing several leading fishmeal and fish oil companies, said in a release.
A return to healthy status in the South American nation’s anchovy fishery has been the main driver behind cumulative fishmeal production jumping 40 percent in the first five months of the year when compared to the same period of 2023, according to an IFFO report which analyzed production from Peru, Chile, the Denmark-Norway-Iceland triumvirate of countries, the North Atlantic, the U.S., African countries, and Spain.
Peru was also responsible for a 10.8 percent bump in cumulative fish oil output through May 2024 compared to teh same period of 2023, as all other regions reviewed in the report saw a decline in fish oil supply, IFFO said.
In such countries as China, conditions for feed ingredients are “challenging,” owing to a …
