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509 million tons.
Although the new quota hit the highest level in the same three-year period, in the eyes of many industry players, this figure is still conservative (previously, market participants expected that the quota for the new production season may be as high as 2.
8 to 3 million tons), because in addition to Peru, many Other foodmate.
net/tag_2296.
html" class="zdbq" title="Fish meal related food information" target="_blank">fishmeal producing countries are expected to achieve substantial increases in production this year.
Enrico Bachis, Director of Market Research at IFFO, told UCN: “This year’s marine climate conditions are excellent.
Peru’s industry and other countries’ fishmeal communities hope to increase production this year, and Peru’s quota of 2.
5 million tons is the same as the recent 10-year average.
In my opinion, This number is relatively cautious, but it can maintain market balance.
"
Peru’s industry and other countries’ fishmeal communities hope to increase production this year, and Peru’s quota of 2.
5 million tons is the same as the recent 10-year average.
In my opinion, This number is relatively cautious, but it can maintain market balance.
"
According to the Peruvian Institute of Oceanography (Imarpe), during the trial period (starting on April 23, 10 days), there were more juveniles in the anchovy populations in the Central and Northern Seas, and the proportion of juveniles in some sea areas reached 50%.
.
Bachis said that if the proportion of juvenile fish is too high, the government may implement a temporary fishing moratorium.
Generally speaking, if there are too many juvenile fish in the previous season, the quota for the next season will be increased accordingly.
Therefore, the quota for the November season remains to be seen.
.
Bachis said that if the proportion of juvenile fish is too high, the government may implement a temporary fishing moratorium.
Generally speaking, if there are too many juvenile fish in the previous season, the quota for the next season will be increased accordingly.
Therefore, the quota for the November season remains to be seen.
Bachis predicts that the global fishmeal production in 2021 may exceed 5 million tons, an increase from 2020 (498 million tons).
The main supply of domestic fishmeal is optimistic, especially the American countries.
The main supply of domestic fishmeal is optimistic, especially the American countries.
Chile is the second largest fishmeal producer in Latin America.
The 2020 production season has encountered many difficulties.
Although the number of quotas has been lowered this year, Chile is expected to complete all fishing quotas.
The fishmeal industry in Ecuador is similar to Chile.
In Mexico, the catch this year is "much better" than last year.
The 2020 production season has encountered many difficulties.
Although the number of quotas has been lowered this year, Chile is expected to complete all fishing quotas.
The fishmeal industry in Ecuador is similar to Chile.
In Mexico, the catch this year is "much better" than last year.
In addition, due to weather problems last year, the herring production in the United States was lower than the average level in five years.
Herring production in the Gulf of Mexico and the Atlantic Ocean is expected to rebound in 2021.
Herring production in the Gulf of Mexico and the Atlantic Ocean is expected to rebound in 2021.
Bachis believes that the increase in fishmeal production in the Americas will offset the decline in European production.
China implements a strict fishing moratorium to prevent overfishing, and fishmeal production is not expected to increase.
In Africa, the fishmeal production forecast for this year is also relatively optimistic.
Mauritania and Morocco have stable production last year, and South Africa's production has begun to rebound strongly since 2019 (the production season is sluggish).
China implements a strict fishing moratorium to prevent overfishing, and fishmeal production is not expected to increase.
In Africa, the fishmeal production forecast for this year is also relatively optimistic.
Mauritania and Morocco have stable production last year, and South Africa's production has begun to rebound strongly since 2019 (the production season is sluggish).
What is the demand for fishmeal?
Bachis pointed out that the recent increase in shipping costs and soybean prices means that the global aquaculture industry may face higher cost pressures.
However, rising soybean prices will increase the price competitiveness of other feed ingredients, including fish meal.
However, rising soybean prices will increase the price competitiveness of other feed ingredients, including fish meal.
As the world's largest importer of fishmeal, China does not seem to be in a hurry to buy from Peru.
Bachis said that since the beginning of this year, China's aquaculture production season has been postponed.
Last year, Peru achieved a bumper harvest in the second season, and fishmeal stocks are currently abundant.
"Chinese buyers are waiting and watching, waiting for the Peruvian season to come.
We will wait and see what will happen in the next few weeks.
"
Bachis said that since the beginning of this year, China's aquaculture production season has been postponed.
Last year, Peru achieved a bumper harvest in the second season, and fishmeal stocks are currently abundant.
"Chinese buyers are waiting and watching, waiting for the Peruvian season to come.
We will wait and see what will happen in the next few weeks.
"
According to the statistics of Peruvian fishmeal trading company MSICeres, Peru exported about 371,000 tons of fishmeal in the first quarter of this year, compared with only 167,000 tons in the same period last year.
In the 16th week of 2021, the total stock of fishmeal in China's ports was about 190,000 tons, compared with 125,000 tons in the same period last year.
The price of Peruvian super fishmeal was CNY 10,800/ton, down 22% from the same period last year.
The price of Peruvian super fishmeal was CNY 10,800/ton, down 22% from the same period last year.
