IFFO is an international trade organisation that represents and promotes the marine ingredients industry, such as fishmeal, fish oil and other related industries.
Marine ingredients are nutritious products used mainly for aquafeed, land animal feed as well as for human consumption and are derived from marine organisms such as fish, krill, shellfish and algae. IFFO's members reside in more than 50 countries, account for over 50% of world production and 75% of the fishmeal and fish oil traded worldwide. IFFO is an accredited Observer to the UN Food and Agriculture Organisation (FAO).
The last day of the conference had a packed programme, starting with the second Market Forum which this time focuses on the demand side, and ending with a closing session, completing a rounded picture on the marine ingredients industry. The market presentations cover fish oil and fishmeal trade and consumption markets, salmonid feed trends and emerging/new feed ingredients.
First up was Chistian Meinich from Chr. Holtermann ANS to give an update on global fish oil trade, starting with crude fish oil, which short term in the second quarter has low world stocks but potential for good stock recovery in 2018, assuming normal fishing/oil yealds. Fish oil based EPA and DHA had the usual competition between feed and omega-3 consumption, and next year’s market depends importantly on Peru. Meinich ended by looking at alternative sources of EPA and DHA (algae and GMO vegetable oils), where low supplies are predicted for next year but aquafeed producers expect a considerable increase in 2019-2020.
Aller Aqua and American Seafoods are triumphant at IFFO Awards as 57th Annual Conference comes to a close
IFFO’s 57th Annual Conference came to a close last night with the announcement of the winners of the IFFO Awards. Danish feed company Aller Aqua (IFFO Non-Producer member) won a Leadership and Innovation Award for their expansion work in Africa, delivered by implementing a strong management structure and taking a responsible approach and focussed on CSR. IFFO Producer member American Seafoods Co. won a Leadership Award for their work in driving fisheries improvements in their industries, such as MSC certifications of the Bering Sea/Aleutian Islands and Pacific hake fisheries, both posting the highest MSC scores in any whitefish fishery; and being the first US fishing company to complete a 4-pillar, Sedex Members Ethical Trade Audit (SMETA) with no corrective actions.
Day 2 started with the usual hustle and bustle of members using every moment to network. The Market Forum I session took place across the morning, where IFFO’s Producers and Premium members share market insights on their specific countries. After the Market Forum Chairman, Hans de Wit, opened proceedings, Thomas Mielke from GmbH OIL WORLD gave a short general panorama on agri-commodities, followed by IFFO’s Enrico Bachis presenting the updated producer fishmeal and fish oil estimates for 2017. 18 IFFO members then presented their country presentations, covering the situation of their fisheries and their key issues, emphasizing the major changes in 2017.
IFFO, The Marine Ingredients Organisation, has calculated new Fish In: Fish Out ratios (FIFO) for 2015 and for the first time FIFO figures for salmonids are below 1. Calculated with FAO data, Fish In: Fish Out ratios (FIFO) have been used by as a way of reviewing the consumption of wild fish by the sector since the 1990s. Salmonids have drawn attention on this subject in the past, and have been criticised previously for their use of fishmeal and fish oil. In 2015 the sector produced more fish protein than it consumed. Previously, IFFO provided figures for FIFO for 2000 and 2010 and has now updated these using 2015 production and consumption data. The 2015 figures retain the trend of reducing FIFOs seen between 2000 and 2010. Overall fed aquaculture FIFOs have declined from 0.63 to 0.33 to 0.22 over the period.
While we congratulate the finalists and winners of the HeroX F3 competition (some of whom are IFFO members), we are disappointed that the credibility of this initiative to encourage alternative sources of feed ingredients has been damaged by the organisers’ use of negative messaging, exaggeration and misinformation in relation to marine ingredients.
IFFO is on record as acknowledging the need for a wide range of responsibly sourced and high quality feed ingredients to support the continued growth of the aquaculture industry. We accept that the supply of marine ingredients cannot meet the demand and that alternative ingredients are needed. The reduction in inclusion rates has allowed feed production volumes to continue to increase unhindered, also resulting in only 0.22kg of ingoing fish being needed to grow 1kg of farmed fish, for the most recent calculation based on 2015 data. In contrast to IFFO’s broader position, the F3 organisers’ intention has been to encourage the exclusion of marine ingredients from use in farmed fish feed, reducing choices for feed companies. Although, confusingly, their website states that they are not against the use of fish based raw materials, this is statement is far less prominent than the title of the competition and their statements in the media.
Unfortunately, the F3 challenge organisers have refused our offers to enter into dialogue or meet and provide up-to-date facts, instead choosing to seek publicity through a number of misleading or false statements.