IFFO is the international ‘not for profit’ organisation that represents and promotes the fishmeal, fish oil and wider marine ingredients industry
IFFO’s analysis on marine ingredient market trends/ January-June 2020
Saturday, August 01, 2020, 17:00 (GMT + 9)
Marine ingredient output: June 2020 performance well over the 2011- 2019 average for the same month
The higher-than-average landings in Peru in the month of June 2020 were the main drive of such improvement, although the Northern European countries and India also showed a historically higher availability of raw material for the month of June. Year on year, the total raw material in June was almost 60% higher, again thanks to the positive performances of Peru, Northern Europe and India.
Total cumulative fishmeal production throughout June (including salmon-based meal) continued to recover with respect to the previous year, and was estimated to be below last year’s output by only 7.5%.
In June 2020 cumulative fish oil production was also down by 7%, year on year, with significant drops in Peru, India, Iceland and the USA. Significant improvement is being reported in the African countries, mainly thanks to a better performance by South Africa, but also thanks to the additional production of tuna oil in Ivory Coast, whose production started in 2020.