Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us

Image: Goodprice VN / FIS

China imported 262 thousand tons of fishmeal from Vietnam

Click on the flag for more information about Viet Nam VIET NAM
Friday, February 23, 2024, 07:00 (GMT + 9)

In 2023, China imported 1.65 million tons of fishmeal from countries around the world, down 9% compared to 2022. Of which, China imported nearly 262 thousand tons of fishmeal from Vietnam with a value of 425 million USD, increased 24% in volume and 48% in value. Vietnam is the second largest fishmeal supplier to China, after Peru.

In 2023, fishmeal imports from Peru to China will decrease by 51% to reach 430 million USD, due to El Nino weather reducing Peru's anchovy production.

Source: Stockfile FIS

The top 5 suppliers also include Russia, Thailand and India. Due to the decrease in imports from Peru, China increased imports from remaining supplies by 29%, reaching a record of nearly 1.2 million tons.

Previously, China depended on Peru - the source of more than half of imported fishmeal, serving the country's huge livestock and aquaculture industries.

Source: Stockfile FIS-->

Last year, China also bought a record 124,000 tons of fishmeal from India, mainly from small pelagics such as sardines and mackerel, more than doubling the volume by 2022.

Imports from Russia increased 20% to 134,000 tons. Imports from the US, Myanmar and Ecuador also reached new highs.

China is importing about 80 million tons of soybeans, an extremely large number. But they still need other proteins, including fishmeal.

In Vietnam, MarinTrust's only sustainable fishmeal products are from tuna, shrimp and pangasius scraps -- not fishmeal from mixed fisheries or small forage fisheries -- similar to Thailand Lan.

Fishmeal producing countries are targeting sales in China to take advantage of rising fishmeal prices. At $1,766/ton, China's average import price was the highest in history since 2000.

Source: Cổng Thông tin điện tử Chính phủ

Industry representatives say transparency and sustainability have been significantly enhanced. A large portion of current aquafeed ingredients come from fish processing by-products rather than just reduction fishing, while one-third of current production comes from aquaculture by-products.

MarinTrustQuality assurance schemes have also spread around the world to combat the illegal, unreported and unregulated activities that have contributed to overfishing in the past.

Soaring fishmeal prices last year inspired aquafeed manufacturers to ramp up research to cut volumes while preserving nutritional integrity.

Although fishmeal and fish oil remain the foundation for aquaculture feeds, improvements in the understanding of the nutritional requirements for different types of farmed fish have assisted in reducing reliance on fishmeal.

Source: Thanhkhoi -->

However, alternative products such as poultry meal and soy protein often lack digestibility or amino acid balance. Mittaine said the growing middle class and consumer demand for higher quality seafood such as grouper or sea bass also require more fishmeal inputs than carp or tilapia.

In any case, the global fishmeal industry is unlikely to increase production significantly, even with higher prices. The Chinese are searching for fishmeal all over the world, but can they find more despite the high price they have to pay?

After reaching a record high of 2,600 USD/ton, CFR China, for Peruvian ultra-pure fishmeal, the price has dropped to nearly 2,100-2,200 USD/ton. Scientists are very optimistic that the El Nino situation, in April and May, will be neutral and by June and July, it will completely decrease to La Nina, meaning Peru's anchovy production can recover.

Source: Thanhkhoi

However, other producing countries will not give up the newly acquired market share in China, they also compete. India has fishmeal that is 100 USD/ton cheaper than Peru, and the quality of their products is improving.

Source: Vasep (Translated from the original in Vietnamese)

Related News:




Click to know how to advertise in FIS
Apr 12, 07:40 (GMT + 9):
Pacífic Northeast squid price index: Japanese Common Squid (Todarodes pacificus)
Apr 12, 07:00 (GMT + 9):
AquaChile Introduces Fresh Chilean Salmon to Malaysia
Apr 12, 07:00 (GMT + 9):
BLUU Seafood opens Europe's first pilot plant for cultivated fish and prepares for market entry
Apr 12, 07:00 (GMT + 9):
Spain to Launch €40 Million Aid Package for Fisheries and Aquaculture Processing Sector
United Kingdom
Apr 12, 07:00 (GMT + 9):
UK fishing opportunities worth over USD 1216 M
United States
Apr 12, 07:00 (GMT + 9):
Influence of Climate on Young Salmon Provides Clues to Future of World’s Largest Sockeye Run
Apr 12, 07:00 (GMT + 9):
India has set a seafood export target of US$12 billion by 2025
United Kingdom
Apr 12, 06:50 (GMT + 9):
Compensation scheme announced to support pollack fishers
Apr 12, 06:50 (GMT + 9):
Sawdust becomes environmentally friendly fish feed
Apr 12, 01:40 (GMT + 9):
IFFO's Marine Ingredients Markets Trends: Peruvian quota announced
Apr 11, 07:00 (GMT + 9):
China's shrimp imports: prices decreased
Apr 11, 07:00 (GMT + 9):
Steakholder Foods Brings 3D-Printed Plant-Based fish to the U.S.
Apr 11, 07:00 (GMT + 9):
The Zalmhuys group acquires Anova Seafood
Russian Federation
Apr 11, 06:50 (GMT + 9):
The Ministry of Agriculture proposes to extend restrictions on salmon fishing in the Far East until the end of the year
Apr 11, 06:20 (GMT + 9):
Fish Pool Salmon Price Status Report for week 15

Spain boosts consumption of Norwegian skrei
Spain The following is an excerpt from an article published by InfoRetail: Imports increases by 149% in volume and 128% in value. Source: El Corte Inglés In the first two months of the year, Spa...
China's shrimp imports: prices decreased
China In the first two months of 2024, shrimp imports into China increased in both volume and value compared to the same period last year, but the average price still decreased. According to data from the ...
Market situation for Norwegian herring and mackerel
Norway Decline for herring Norway exported 62,778 tonnes of herring worth NOK 1.1 billion in the first quarter. The value fell by NOK 139 million, or 11 per cent, compared to the first quarter la...
Transaction agreement Marel - John Bean Technologies Corporation
Iceland Marel announced it has entered into a transaction agreement with John Bean Technologies Corporation (“JBT”) related to JBT’s previously announced intention to make a voluntary t...

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER