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Global fishmeal and fish oil production in May 2021 will increase by 50% compared to May 2020, and the market will continue to grow

 Last Update: 2021-07-31
 Source: Internet
 Author: User

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In the IFFO market report, the cumulative total output of countries from January to May 2021 increased year-on-year: fishmeal increased by 48%, and fish oil increased by 51%
.
The increase in production is mainly due to the early start of the first fishing season in the north-central region of Peru, leading to a significant improvement in the country's performance
.
In addition to Peru, Chile and India are the only two countries that have experienced cumulative production growth over the same period
.

China's domestic production continues to depend on by-products
.
Among them, Shandong Province and Liaoning Province have suspended production, and Zhejiang Province is severely restricted due to lack of by-products
.
As a result, fishmeal imports have continued to increase in recent weeks, and port stocks have been reported to hit a record high
.

In recent weeks, China’s demand for aquatic products has continued to rise, which in turn has supported the price of aquatic products
.
The second batch of shrimp larvae was launched in South China, and the output of aquatic feed increased month by month
.
Due to fluctuations in demand, shrimp prices have been unstable in June
.
The pig breeding industry continues to recover and is expected to reach the level before the outbreak of African swine fever soon
.
The number of live pigs in May increased by 23% year-on-year and is expected to recover to more than 400 million
.
Therefore, pig feed production continues to grow
.

Fish meal and fish oil

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