IFFO also reports a modest growth in fish oil production, primarily driven by the increased output from Peru almost totally offset by declines in cumulative production from all other regions.
The group is buying Copeinca, Peru’s largest fishing company which holds the largest anchoveta quota and processes approximately 21% of the country’s total catch.
A new law in Brazil's top soybean-producing state ends tax incentives for companies adhering to the Soy Moratorium, potentially weakening protections against Amazon deforestation.
The next edition of IFFO’s Annual Conference will take place in Tokyo from October 20-22, 2025.
The final capelin quota for the Barents Sea will be decided by the Norwegian-Russian Fisheries Commission in the coming weeks.
The second anchovy fishing season in the North-Center region will start on November 1, 2024.
The Council will inform the European Parliament of its position to have the regulation formally enforced by the end of the year.
Luis Icochea, former director of IMARPE, estimates that the anchovy population could exceed 10 million tons due to neutral ocean conditions.
NAPA’s extension pushes the FIP deadline to 2026, providing a narrow window for nations to adopt sustainable management practices, while ICES data underscores severe overfishing of key species.
Operators across the non-GMO value chain are united in battling the current challenges posed by the planned deregulation of New Genomic Techniques, as proposed by the EU Commission.
The strike, that affected 36 ports, reached a tentative agreement for a wage hike of around 62% over six years.
Responding to calls by global partners, the commission is proposing the law applicable on December 30, 2025 for large companies and on June 30, 2026 for small companies.
The US Department of Agriculture said that non-containerized bulk exports, such as grains, will remain unaffected.
Peru’s strong first anchovy season drives higher fishmeal and fish oil production.
FEFAC provided an initial overview of the potential EUDR economic impact on the EU feed chain with extra costs 5-10% on top of normal market price quotations for soybean meal.
Data from European producers show significant production of food and feed in 2023 along with sustainable biofuel, highlighting the strategic importance of domestic ethanol biorefineries.
Fishmeal and fish oil production increases thanks to the increased catches in the north center of Peru.
The global outlook for 2024/25 soybean production has increased by 6.9 million tons to 428.7 million on higher production for the United States, Ukraine, Russia, India, and Benin.
Global soybean trade for marketing year 2023/24 is increased on higher exports from Brazil, Argentina, Paraguay, Benin, and Canada.
The first 2024 anchovy season in Peru’s north-central fishing zone ended in June with more than 98% of the quota fulfilled.
