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).
IFFO, The Marine Ingredients Organisation, today released its second Annual Report, giving a succinct overview of the group’s work with the aim to engage and inform stakeholders. IFFO enjoyed another fruitful year with a continued growth in membership, over 1,082 delegates attending 5 IFFO hosted events, 90 market reports published, and a series of technical projects completed. The report takes readers through IFFO’s various technical projects, events, market reporting and governance. A key area highlighted throughout this report is IFFO’s increased investment and focus on data gathering and technical reports, with the aim of effectively communicating the strategic and vital role of marine ingredients. In order to increase and speed up technical projects, the IFFO Board developed a new process for commissioning projects and increased investments.
If anyone wanted to write a book about a global trade and the constant changes that happen to those involved, the fishmeal and fish oil industry would be great case study. It has always been an international business but, within the lifetime of those still working in the industry, the uses are completely different, the markets have become worldwide and the prices obtained have tripled. “Business as Usual” involves understanding continually changing factors including global agricultural commodity markets, currencies and weather patterns.
As if this was not enough, eCommerce has moved the rate of change up a gear, with new channels and distribution options available to producers and more delivery choices and information on the products available to consumers. A presentation on developments within the Alibaba group at the April 2018 Brussels Seafood Expo showed just what is already possible and it’s good news for aquaculture and therefore the marine ingredients industry. The Chinese population is growing, their disposable income increasing and their appetite for fish exceeds many other markets. The sources of wild caught fish in China are very limited so it’s aquaculture that will benefit from eCommerce making seafood more available.
This year’s IFFO Members’ Meeting was held once again in the US beachside city of Miami. A record 147 delegates attended the meeting from 23 countries, the highest number so far for a Miami meeting. IFFO’s President Eduardo Goycoolea opened the meeting, welcoming old and new friends and then led a minute silence in remembrance of Felipe Zaldivar, our past President (FEO 1979-80, 1986 and IAFMM 1989-90). The day started with Market Forum I, which gives a global overview of the fishmeal and fish oil markets and includes country presentations by IFFO members. IFFO’s Market Research Director, Dr Enrico Bachis, kicked off the session by giving his usual projections on total marine ingredients supply, highlighting the fact that in 2018 world production could be over 5 million tonnes of fishmeal and 1 million tonnes of fish oil.
The demand for food will grow dramatically by the middle of this century. How can we meet this demand with the lowest impact on the planet? Look to the sea. Steve Gaines is Dean of the Bren School of Environmental Science & Management at the University of California, Santa Barbara. He is a marine ecologist who seeks conservation solutions by linking innovations in ocean science to more effective marine policy and management. His science explores the design of marine reserve networks, climate change impacts on ocean ecosystems, sustainable fisheries management using market based reforms, and the role of aquaculture in meeting the future demand for food. In each of these science endeavors, he has been a strong promotor of more effective communication of ocean science to enhance its impact.
Researchers have found that by-products in Scottish salmon farming are generally well utilised, but total by-product value output could be improved by 803% (£23.7 million), based on 2015 figures, adding 5.5% value to the salmon industry. Led by Julien Stevens, researchers from the University of Stirling’s Institute of Aquaculture and University of Massachusetts at Boston have recently published research funded by IFFO, The Marine Ingredients Organisation. The research investigated how value could be added to aquaculture through better utilisation of by-products, by maximising edible yields and better separation at the processing stage, looking at the Scottish salmon farming industry as a case study.
A project to improve the understanding of fisheries of South East Asia supplying raw material for fishmeal production has completed the first six months of data gathering and has made contact with government agencies and businesses. Jointly funded by the Global Aquaculture Alliance (GAA) and IFFO, the Marine Ingredients Organisation, the project lead Duncan Leadbitter (Fish Matter Pty) has produced a series of draft internal reports for the two funding bodies with the aim to have a public report ready by the end of the year. After six months of data gathering, using both publically available information and in-country sources, such as the Thai Fish Meal Association and a Vietnamese consulting company, Kim Delta.