The outlook is still good for soybean farmers, but not so much for corn and wheat.
The production of soybeans increased from 31,000 tonnes in 2022 to 50,000 tonnes in 2023, with increased opportunities for exports to the EU.
As of November 30, in the second Peruvian anchovy fishing season, 987,428 metric tons have been caught, of which 310,305 MT (31%) are juveniles.
Results show that Fusarium mycotoxins fumonisins, deoxynivalenol and zearalenone are most frequently found in North and Central America, Sub-Saharan Africa, South Asia, China and Taiwan.
According to Donau Soja Market Report, one-third more soy was harvested in the EU in the same cultivation area.
The commitment extends to several row crops, including soy, corn, wheat, and cotton, and builds on its commitment to protect and revitalize land in critical ecosystems.
Despite so-called agreements by Northeast Atlantic coastal states to follow scientific advice in 2024, the market forewarns that the absence of quota-sharing arrangements means the hard work is yet to come.
The global cumulative production of fishmeal and fish oil remains down and the use of marine raw materials is in line with that of past years.
Thirty-five percent of the soybeans sourced and processed by European vegetable oil and protein meal companies members of FEDIOL were verified or certified responsible.
The majority of fisheries assessed continue to be reasonably well managed or better, but performance has been slowly declining since 2018.
A recent report underlines the gap between the current practices in Senegal and Mauritania and the fishmeal and fish oil industry’s global standards.
The agreement involves grain sourced by Bunge in Brazil and destined for several countries in Asia, where CPF produces and sells feed and food.
"A value chain approach to sustainability is critical to long-term business success, resilience and the industry’s license to operate,” said IFFO’s director general, Petter Martin Johannessen.
Egil Magne Haugstad, CEO of Pelagia, has been elected as president and Eduardo Goycoolea, one of the IFFO founders, as vice president.
The move aims to boost production and reduce dependence on foreign supplies.
A quota of 1.682 million tons has been authorized, 26% below the 2022 quota (2.283 million tons).
It lays the foundations for fully traceable marine ingredients and progresses the standard's focus on environmental and social impacts.
Both fishmeal and fish oil production were down in September 2023 by 28% and 24%, respectively, compared to 2022.
The consortium of seafood companies demands that the coastal states seize their chance to turn the tide on over two decades of unsustainable management.
EUMOFA has released a new report to provide an overview of the fishmeal and fish oil sectors derived from forage fisheries in the European Union.
