IFFO's Monthly Update constitutes a key communications tool for the marine ingredients industry and its main players. This report is dedicated to the needs of IFFO's members, bringing together industry news and insights from our diverse network.
The New Year at IFFO is a time for surveys and reports, which allow us to plan for the future. Another essential tool for us to make sure we are giving members the service they deserve is to get to know the local context of the industry through meetings with the members in their own countries as well as technical visits. This was the aim of the trip to Iceland I went for together with Neil Auchterlonie, IFFO’s technical director.
The Icelandic fisheries sector has been one of the mainstays of the Icelandic economy for years and years, both as its main food supply and its chief export product. More than 10,000 people are directly employed by the fisheries industry and its production facilities represent the state of the art in fisheries technology, with 110,000 mt of fishmeal and 45,000 mt of fish oil produced on average per year. More on this in this newsletter with Neil Auchterlonie’s report (below).
Trips like this one are a wonderful opportunity to discuss technical and regulatory challenges faced by IFFO Members. IFFO is currently working on technical projects such as the one related to antioxidants, initiated in response to the reauthorization of ethoxyquin in the EU and the need for alternative antioxidant products. A decision about ethoxyquin by the EU should be made in the coming months. IFFO is also maintaining a watching brief on the topic of plastic in the marine environment and continues working on fishmeal quality and salmon nutrition as well as on FM quality and fed species.
Don’t miss this chance to hear updates on IFFO’s latest news on regulatory issues and nutritional value of marine ingredients in feed as well as market trends since registrations for the 2019 Members Meeting in Madrid are now open!
I would like to start this month’s editorial by wishing you all a very happy new year. At IFFO, we have returned refreshed and we’re already busy with a range of exciting projects and events. The dates are set for our three annual events, starting with the IFFO/ JCI fishmeal and fish oil forum, which will be held in China’s Wuzhen City from 21st to 22nd March. Our Members Meeting will be held in Madrid from 2nd to 4th May and more information will be sent to members soon. Finally, this year’s Annual Conference will be held in Shanghai from 4th to 6th November.
Moving to our project work, IFFO continues to invest in the evidence-base that supports all our activities, and as well as a series of thrilling new projects in 2019 some of our current projects are due to report soon. Our project that takes a look at raw material supply and fishmeal production in South East Asia is due to report early this year and members will be able to read the report from this work soon. We are also planning some press activities around the launch of this report, which was co-funded with the Global Aquaculture Alliance (GAA). Another project that is nearing completion is the work looking at Fish In: Fish Out ratios, and again we may expect more communications on the subject of FIFO in the early months of 2019. The subject of antioxidants continues to feature strongly in the programme, and although this is an enormously complicated subject with many different threads to it, IFFO continues to work hard to look at options for the developing industry. There is much more to come on IFFO project work in 2019, and I am personally very excited by the work that is being delivered.
Petter Martin Johannessen
Following our successful Conference in Rome, the IFFO team has been busy launching new projects and visiting members across our global network. The conference highlighted some key strategic themes that are dominating our industry and our visits have allowed us to explore these in more depth and look at how we can address them further in our project work. We have also been discussing some operational changes within IFFO, in an effort to further enhance our services for members. My travels have taken me to Denmark, Norway, Chile and Peru, providing a fascinating insight into the unique challenges and opportunities facing each country, as well as the similarities. I will now work hard with the team to act on our findings to present at our Members’ Meeting in Madrid (2nd to 4th May 2019), details for which will be sent to members in January.
IFFO’s China Director, Maggie Xu, and Market Research Director, Enrico Bachis, took a fascinating trip to Vietnam to learn more about this fast growing market. Their insights are included in this edition and are well worth a read. Other than that, the team are working hard before the Christmas festivities and I would like to take this opportunity to wish you all best wishes for the upcoming holidays.
Now that we’re back from IFFO’s 58th Annual Conference, it’s a good time to reflect on the main messages and act on them. With delegates attending from across the globe and from each area of our industry, discussions during these important three days were very fruitful.
It was a great opportunity to meet and get to know our close knit community of members and supporting organisations and I’ve come away with some clear takeaways from discussions, presentations and panel discussions. Marine ingredients play a vital and essential role also in the future of the aquaculture and animal feed industries. To communicate the true value that marine ingredients play, we need to expand our focus in the broader value chain. It is our responsibility to then engage and communicate in these key areas, being transparent as an industry and continuing to follow an evidence based approach.
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.