Wednesday, November 19, 2014

19/11/2014: Fishmeal - Peru and Chile set to lose their fishmeal lead

‘New producers’ of fishmeal are expected to produce a larger share of the world’s fishmeal than Peru and Chile in 2014, according to estimates by Jean Francois Mittaine, co-editor of publication Fish Oil & Meal World.

However, he does not expect this collection of producers in Africa, Asia and South America to continue gaining share, as the biggest feed buyers still value relationships with traditional suppliers, reports Undercurrent News. 

Among ‘new producers’, Mittaine includes China, Japan, Thailand, Vietnam, Mexico, Ecuador, Mauritania and Morocco.
Since 2002 this group has been producing an increasingly large proportion of the world’s fishmeal, from around 20 percent in the early 2000s to nearly 35 percent in 2014, estimates suggest.
In this time Peru and Chile combined have seen their share fall from over 45 percent to just over 30 percent in 2013 and 30 percent in 2014.
The ‘new producers’ group has previously held a greater share than Peru and Chile – in 2010 and 2012 – but these were slightly anomalous years. In 2014, Mittaine believes their respective trends will see the new producers become the dominant group in world production.
Scandinavia, the third major region of fishmeal production, has also been declining over this time – from just under 15 percent share in 2001 to around seven percent in 2014. Strict pelagic management in the region has made it difficult to produce the levels of fishmeal it did previously.
Read more HERE.

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