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 60% of world production and 80% of the fishmeal and fish oil traded worldwide. IFFO is an accredited Observer to the UN Food and Agriculture Organisation (FAO).
Day 2 started with the usual hustle and bustle of members using every moment to network in between the two sessions which focused more on the science and market intelligence for the industry. The morning featured the Market Forum 1 session, where IFFO’s Producers and Premium members share market insights on their specific countries. Market Forum Chairman, Hans de Wit, opened proceedings and welcomed members, he was then followed by IFFO’s Dr Enrico Bachis (Market Research Director) who presented the updated producer fishmeal and fish oil estimates for 2018 (based on aggregated actual production data/forecasts). The rest of the morning session included updates on production across the IFFO members’ countries.
IFFO’s President Eduardo Goycoolea opened this year’s IFFO Annual Conference in Rome by welcoming the 440 delegates attending from 45 countries. Goycoolea stated that this conference will not shy away from the tough questions aimed at the industry and which are often answered with myths and not facts by those who do not know the industry in detail. These questions included: IFFO’s role as a representative body for the industry; whether growth in marine ingredients is still possible; are both supply and price stable; and is production both sustainable and responsible? Showing the latest market data, Goycoolea then illustrated that while production of marine ingredients from whole fish has remained stable, the production of marine ingredients from by-products has grown substantially and has huge future potential. Price volatility is no more variable than other vegetable proteins and has remained on average stable for the last decade. Finally, the industry is moving towards more responsible and sustainable production, as shown by the rise in IFFO RS complaint production to 51% of global production estimated for 2018. Goycoolea concluded that marine ingredients play a key role in the global food supply chain and the true value to both animal and human health is becoming more and more recognised.
IFFO’s 58th Annual Conference was opened by IFFO’s President Eduardo Goycoolea who declared that this IFFO conference will challenge and answer the tough questions often facing the industry. Goycoolea led a panel discussion with industry leaders on the future of marine ingredients and the key challenges facing the industry. Panellists represented core stakeholder groups around marine ingredients and were Árni M. Mathiesen (Assistant Director-General, FAO Fisheries and Aquaculture Department), Ole Eirik Lerøy (Chairman of the Board, Marine Harvest ASA), Michiel Fransen (Head of Standards and Science Team, ASC), Dr George Chamberlain (President, Global Aquaculture Alliance), Jim Cannon (CEO, Sustainable Fisheries Partnership); and Pål Korneliussen (Publisher, IntraFish Media).
Four weeks have already passed since I joined IFFO and it’s been both a hectic and fascinating month. The team is busily preparing for our conference, which is just around the corner, as well as attending the important industry events held at this time in the year. I was fortunate to be able to visit China, attending the 14th JCI Conference and a series of meetings with significant stakeholders. IFFO’s China team cover a broad range of expertise and through getting to know their work, and meetings with groups such as Ministry of Agriculture and Rural Affairs (MOA) and China Feed Industry Association (CFIA), I have a deeper understanding of this vast market.
The more insight I get into the marine ingredients industry, the more I see the opportunities for our continued development and growth. Value chain focus and understanding the new supply chain dynamics will become more and more important to meet the customer’s expectations. In my recent meetings on my travels, I have experienced a great interest in fishmeal and fish oil as high quality raw materials for feed. IFFO is following an evidence based approach, identifying gaps of knowledge, carrying out research and using this to communicate the unique role that these ingredients play.
IFFO, The Marine Ingredients Organisation, today announced the appointment of Petter Martin Johannessen as the new Director General. Johannessen will take up the post from 3rd September in IFFO’s London Headquarters, following the departure of the outgoing Director General Andrew Mallison in July. IFFO’s President Eduardo Goycoolea welcomed the appointment saying “the IFFO Board is thrilled to welcome Petter to the IFFO family. With his extensive managerial experience in strategic and procurement roles, Petter’s work with multi stakeholders across our industry, and his already close relationship with IFFO, will make for a winning formula in this important role.”
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.