“The supply of fishmeal and fish oil is not meeting current demand and raw material that could be used to supply these needs is being dumped at sea,” said Andrew Mallison, director general of IFFO The Marine Ingredients Organization (formerly the International Fishmeal and Fish Oil Organization).
Mallison is at pains to point out that discards should not be caught in the first place and go for direct human consumption wherever possible, but if not, for example because the fish are too small or there is not a market for them, they should be used to produce fishmeal and fish oil.
“Demand for fishmeal is greatly increasing,” he said. “Mostly for fish feed for the burgeoning aquaculture industry, but also for animal feed. The production of pigs in
“Fish oil, with its high long chain omega-3 fatty acid content, is increasingly being used as health supplements.”
Approximately 4.5 million metric tons (MT) of fishmeal are produced each year, together with 1 million MT of fish oil, but this is not keeping pace with demand. As a result, feed formulators are reducing the fishmeal content and replacing it with what Mallison says are less digestible and less healthy ingredients.
“There will be less omega-3 fatty acids present and more omega-6 fatty acids, and this at a time when retailers are pushing the high omega-3 message.”
With more whole fish now going for direct human consumption, so called byproducts such as filleting waste — heads, tails, bones, skin etc — are increasingly being used to produce fishmeal and fish oil.
“There is also an environmental imperative to process by-products rather than dumping them. We and our members are actively working to increase the amount of byproducts recovered for fishmeal and fish oil production,” said Mallison.
IFFO estimates that more than 30 percent of the world’s fishmeal now comes from by-products, but this has only replaced the reduction in supply from whole fish and that total supply is capped at around 4.5 million MT. A recent FAO/OECD report predicted that by 2021, 43 percent of global fishmeal production should come from by-products.
Fishmeal is made primarily from whole fish, usually small bony species such as anchovy from
Byproducts are the next largest source of raw material and there is a substantial volume of filleting waste from onshore processing which could be used to provide fishmeal and fish oil. But again there could be logistical problems in getting it to a fishmeal plant.
“Storage and transport systems must be in place,” said Mallison. “In the past it has often been uneconomic to transport raw materials long distances but, as prices being paid for fishmeal and fish oil have risen, new possibilities may be available.”
Now that the discard controversy seems to be reaching a satisfactory conclusion, it will be interesting to see what will actually happen to the fish that should now be brought ashore. If it does not go to direct human consumption, which is recognized as the best solution, then using it to feed fish or animals that are then fed to people is a very acceptable second choice.
“The challenge now for the EU is to provide technical help to solve problems with transport and storage,” said Morrison.
IFFO The Marine Ingredients Organization members account for 60 percent of the world’s production of fishmeal and fish oil, and 80 percent of the trade. It now has a wide range of members including retailers and producers of omega-3 oil from krill and algae, hence the change in name.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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