Thursday, November 30, 2023

Insect meal in commercial Skretting feed

November 30, 2023 - The challenge of incorporating an expensive novel ingredient into a fish or shrimp diet, despite it having positive sustainability credentials, is not an easy one. The success lies with sharing the responsibility within the whole feed-to-food chain. The use of insects in aqua feeds represents a positive opportunity for multiple stakeholders within this value chain, and for the future of the aquaculture industry.

Some of the insect industry's key challenges is successfully entering the aquaculture market are small volume availabilities and unfavourable market economics of replacing a high protein ingredient such as fish meal or soy protein concentrate with a more expensive insect protein.

Back in 2018, Skretting scoured the start-up world and initiated discussions with more than 40 producers of insect ingredients from all over the world. Through collaborations with research providers and their own in-house research and development facilities, they tested the performance of products from several companies in key commercial species. results were varied, which was not unexpected, since the insect industry's activities towards applying their novel ingredients for use in aquaculture feed were still in their infancy.

Skretting continued to work with, and provide insight to, insect start-up companies to help support their commercial success. Fast forward to today, and the use of insects as a feed ingredient has been successfully implemented in commercial Skretting feed.

Skretting Ecuador is currently using locally-sourced insect flour in their fish and shrimp diets. They have also worked with international supplier Prolix to include 70 tonnes of insect flour made from black soldier fly larvae in feed for a major client. This sustainable shrimp will be imported by Dutch Klaas Paul's suppliers in Latin America to commercialise the shrimp for Dutch supermarket chain Albert Heijn.

Over the Skretting China, approximately 300 tonnes of insect meals have been used in their feeds since 2022. They have seen the demand for these ingredients grow at a rapid rate, with black soldier fly meal in particular demonstrating excellent conversion efficiency and performance.

"At our Zhuhai factory, black soldier flies have become an important shrimp feed component. From a raw material perspective, black soldier fly meal contains about 36 percent crude protein and up to 35 percent high-quality fat. Also, the antibacterial peptides and chitin contained in this ingredient can improve animal health, while its unique flavour has proved very attractive to farmed species. Furthermore, for every tonne of shrimp feed produced, the use of insect meal helps reduce the use of fishmeal by 20kg and fish oil by 10kg," says Stephen Chen, Technical Marketing Director, Skretting China.

To optimise biosecurity, the black soldier fly utilised by Skretting China are intensively-produced in a fully-controlled environment. Through strict control of these raw materials and also the meal ingredients, they are able to ensure each and every feed pellet containing insect meal is safe.

For more information, visit HERE.

The Aquaculturists

Wednesday, November 29, 2023

Bakkafrost onboard historic sustainable transatlantic flight

November 29, 2023 - Yesterday, Bakkafrost, a leading producer of superior quality salmon, proudly participated in the world's first 100 percent Sustainable Aviation Fuel (SAF) flight across the Atlantic by a commercial airline.


In collaboration with Virgin Atlantic and Kuehne+Nagel, the milestone flight is set to be a major talking point in aviation history and marks a pivotal moment in the global pursuit of eco-friendly aviation solutions.

"We are committed to being a sustainable business in every sense and with the increasing focus on sustainable exports and airfreight across the world, this SAF approach is an important development for the future," remarked Regin Jacobsen, CEO at Bakkafrost.

"The way we transport our salmon around the globe has got to match the expectations of our customers and we believe that this inaugural flight is a forward-thinking approach to the world's environmental issues. We are very proud and delighted to have a shipment of our salmon on board," Annika Frederiksberg, board member and sales manager, stated after landing in New York.

Currently SAF represents less than 0.1 percent of jet fuel volumes and fuel standards only allow for a 50 percent SAF blend in commercial jet engines. The Virgin Atlantic flight yesterday demonstrated the potential of SAF as a 100 percent drop-in replacement for the fossil fuels being used today.

Bakkafrost has committed to cutting its greenhouse gas emissions by 50 percent by 2030. Earlier this year, Bakkafrost launched a new investment plan detailing the company's intention to allocate 355 million DKK to energy transition.

For more information, visit HERE.

The Aquaculturists

Friday, November 24, 2023

After a turbulent 2023, signs of optimism ahead of global seafood production

November 24, 2023 - According to a recent Rabobank report, industry responses from the annual seafood production survey it conducted in partnership with the Global Seafood Alliance suggest a more optimistic production outlook for 2024 compared to 2023.

Shrimp: Back to growth in 2024

Global shrimp production is forecast to recover in 2024, albeit at a lower rate than the 10-year historical average. The survey results forecast year-on-year shrimp production growth of 4.8 percent in 2024, surpassing 2022's peak volumes, after an expected modest decline of 0.4 percent in 2023. In Ecuador, production growth is expected to decelerate in 2024. "While continued growth is anticipated, milder expectations may be a result of El Niño-related uncertainty, as potential strong El Niño conditions pose downside risks due to heavy rains, which an increase flooding risks and potentially damage the infrastructure of ponds in Ecuador," explains Novel Sharma, Analyst - Seafood at Rabobank.

There is optimism for Asian shrimp production, with survey respondents forecasting a potential recovery of 4 percent in 2024, following the region's first decline in a decade in 2023. "This will depend on prices improving in 2024 after the continuous downward trend in 2023, which made the majority of the industry unprofitable," notes Sharma. Likewise, production in India and Vietnam are set to recover in 2024, following sharp contractions in 2023. Whether both regions achieve their forecast production growth in 2024 will depend on demand improvement in the US and Europe and prices recovering sufficiently to incentivise farmers to increase stoking of ponds.









Finish: Major farmed species set to rebound in 2024

Similarly, optimism abounds for major farmed species, with salmon, tilapia, pangasius, sea bream, and sea bass all expected to grow through El Niño poses potential downside risks for some species and regions.

After two consecutive years of weak global production growth, global Atlantic salmon production reached an inflection point in Q3 2023. Provided there are no unforeseen biological issues or events, global production is expected to grow by 4.3 percent and 3.9 percent, respectively, in 2024 and 2025, led by Norway. However, uncertainties remain around Chile's potential volume growth over the next few years due to new legislation and biological issues. It is unlikely that production volumes will eclipse 2020 levels before 2025. Additionally, there are potential downside risks heading into 2024, as higher temperatures due to El Niño conditions may lead to higher incidences of algal blooms, causing an increase in moralities. However, the industry is better equipped to deal with potential downsides now than it was during the last El Niño event.

After a pause in 2020, global tilapia production began gradually recovering and is expected to grow by 5.3 percent YOY in 2023 - eclipsing 2019 volumes. Strong growth is anticipated in Asia, particularly in Indonesia, though China is expected to maintain its position as the top tilapia producer in the near term. However, if consumers continue to favour premium species, farmers could change the species they produce, potentially decelerating tilapia production growth.

Market prices once again industry's top concern

The survey also asked industry experts about their concerns for the coming year. Market prices topped the list, as uncertainties remain about the effects of persistent inflation and the recovery of seafood demand. Elevated costs. and stagnating household disposable incomes remain challenges for consumers across major markets. Consumers may look to trade down, either within the seafood category or to lower-priced protein options.

For more information, visit HERE.

The Aquaculturists