IFFO reported in its market intelligence report that during the first 11 months of 2021, the total cumulative productions of both fishmeal and fish oil of the countries considered in the report were higher, year on year, by 6%. Peru, Chile and India continue to be the only regions to report a higher cumulative fishmeal production in 2021 with respect to the same period in 2020. In terms of fish oil, Iceland also managed to improve its cumulative output.

Aquaculture remains off-season. The aquafeed output dropped month-on-month but rose year-on-year in November 2021. Fishmeal plants remained idle in North China. Shipments of imported fishmeal continue to rise, with historically high stocks in the ports’ warehouses.