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A large amount of European fishmeal has been diverted to the Chinese market, and many overseas manufacturers have obtained export qualifications

 Last Update: 2022-12-30
 Source: Internet
 Author: User

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In 2021, the Northeast Atlantic littoral states failed to agree on blue whiting shared fishing quotas, meaning the fishery would lose sustainability certifications, including MSC (Marine Stewardship Council) and MarinTrust, and access to the EU market for blue codmeal and fish oil would be challenged
.

As a result, European exporters began to turn their attention to China
.
Because in their view, Chinese importers are more flexible in their demand for sustainability certification, and China is likely to be a potential market
for blue codmeal.

Jan Tarlebo, sales director at TripleNine Group, a Danish fishmeal and fish oil supplier, told UCN: "As far as I know, there is less
demand for sustainable certified raw materials in the Chinese market.
If we lose our blue cod certification, we need to consider selling it to China
.
”

TripleNine Group processes 500,000 tonnes of small pelagic fish a year, all of which comes from European waters
.
Tarlebo said many European fishmeal companies have already been licensed to export to China, and they account for a large part of European production capacity, with almost all producers in Denmark, Iceland and Norway already approved
.

In October 2021, European cod industry stakeholders joined MarinTrust's Improver Programme (IP), but it will be difficult for European countries to continue if they do not agree on new progress on quota sharing agreements within the time limit
.

"If in 2023 we still can't convince coastal states that if they insist on going their separate ways and there is no progress on IP, we will most likely lose all sustainability certifications
in 2024.
" Tarlebo admits, "The reality is that European sales are experiencing a lot of difficulties
because countries are increasing their quotas.
”

According to the International Trade Centre (ITC), China imported 16,000 tonnes of fishmeal from Denmark in 2021, and Europe's largest fishmeal exporter accounted for only 1%
of China's total fishmeal imports.

Tarlebo said that the Chinese market has many other advantages for European exporters, for example, the European production season is very consistent with the Chinese demand season, and blue cod meal does not need too long storage time, which can save a lot of storage costs
.

"In the first half of the year, European demand was sluggish, but we produced a lot of fishmeal and we had to build up a sizable stockpile
.
If Chinese importers choose to buy from Europe in March-April, they will be delivered
in time for the start of the aquaculture season.
"So it's absolutely necessary and meaningful to export to China, we can ship during peak production periods, and we know that warehousing rental costs are rising, which is another advantage
.
" ”

In addition, European blue codmeal has a higher protein content, 71-72%, which is higher than that of South American fishmeal
.
"Chinese feed mills can then reduce the cost of other proteins, such as soybean meal, and the price of these ingredients is getting higher
.
"

Despite the huge size of the Chinese market, it is not easy
to apply for an export sales license.
"Exporting to China has a fairly complex set of rules, a lot of paperwork, and trade agreements vary from country to country, for example, the agreement between China and Denmark is much
more complicated than the agreement between China and Norway.
"

In terms of logistics, China and Europe have a long distance, European merchants are accustomed to using bulk ships for fishmeal trade, while China uses container transportation
.
"Of course, when you ship to China, you need bags, you need labels, you need containers, everything adds to the cost, and you also have to certify and pay the cost
.
Shipping containers from Europe to China is three to four times more expensive than in the past, and freight rates are also a big problem
.
Tarlebo said
.

Tarlebo said it would be in the industry's best interest if European coastal states could compromise on quotas, and TripleNine had been lobbying to try to push countries to reach a deal
.
"Our only goal is to persuade the government to accept the limited quota so that the cod industry can be re-certified and re-recognized
by the European market.
"

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