World’s fishmeal production down through November 2022

Published on
January 23, 2023
fishmeal.

Cumulative global fishmeal production was down year-over-year for the first 11 months of 2022, according to IFFO – The Marine Ingredients Organization.

A late start to the 2022 fishing season in Peru was blamed for the decline, and with catch totals in December 2022 roughly equaling those of December 2021, a year-over-year deficit of around 1.15 million metric tons of raw material is expected by IFFO.

Also hurting the cumulative total was China, with domestic production adjusting downwards throughout 2022, though IFFO reported total offtakes of imported fishmeal in Chinese ports in 2022 rose year-over year. The organization reported similar conditions in China are expected in 2023.

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Photo courtesy of IFFO

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