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Thursday / November 21. 2024

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HomePosts Tagged "Mauritius"
Acquaculture, Live Stock, World

China’s slow economic recovery impacting fishmeal and fish oil consumption

Cumulative total fishmeal production during the first ten months of 2023 was down by approximately 22 per cent compared to the cumulative production reported through October 2022, according to the IFFO reports. The predominant factor contributing to this decline must be attributed to the 60 per cent year-on-year decrease in Peru, whose activities were heavily affected by the El Niño phenomenon and the subsequent cancellation of the April-June first fishing season of the year.

As for fish oil, the total cumulative output in the first 10 months of 2023 was 20 per cent down year on year. The supply shortage in Peru (due to both fewer landings and lower oil yields) was here again the main cause for such negative performance. Chile remained the only country that registered a positive change year on year thanks to improved catches and higher-than-average oil yields in the South of the country.

The above figures are based on a list of countries considered in the IFFO reports – Peru, Chile, Denmark, Norway, Iceland, UK, Ireland, Faroe Islands, USA, South Africa, Ivory Coast, Mauritius and Spain

In Peru, around 66 per cent of the second fishing season’s quota had been landed in the north centre of the country. The early start of the second fishing season in the North-Centre of Peru, which took place in October and is usually scheduled in November, explains larger catches of small pelagics than usual when we compare October 2023 with October 2022.

In the USA, the menhaden fishing season officially ended in November. The new fishing season will resume in May 2024.

China’s slow economic recovery impacting fishmeal and fish oil consumption.

China’s domestic production of fishmeal and fish oil in quarter IV 2023 might exceed that reported in quarter IV 2022. Despite this, local fishmeal producers are encountering difficulties in selling their products due to a poorer demand and the abundance of standard quality fishmeal. As a result, the inventory of domestic fishmeal appears higher than it was a year ago. Cumulative imports of fishmeal from January to November have declined by 9.4 per cent year on year, in line with the weaker domestic demand from both aqua- and piglet feed producers and the reduced Peruvian supply.

China’s 2023 fishmeal consumption in aquaculture is not expected to surpass that of 2022, although a rebound in the global supply of marine ingredients might open new scenarios. Similarly, the pig sector is grappling with subdued prices, hovering around a low point. The anticipated higher seasonal demand for the period November-February has yet to materialise. At this point, farmers are banking on improvements in the second half of 2024.

China’s slow economic recovery impacting fishmeal and

AgroPolicy, Foodgrains, Supply Chain, Trade

According to reports from the Directorate General of Foreign Trade (DGFT), exports of 143,000 tonnes of non-basmati white rice have been permitted to Bhutan, Mauritius, and Singapore

India has exempted Singapore from the ban on rice exports due to their close strategic partnership, according to the Union Ministry of External Affairs.

According to reports from the Directorate General of Foreign Trade (DGFT), exports of 143,000 tonnes of non-basmati white rice have been permitted to Bhutan, Mauritius, and Singapore. This adds two more countries to the exemption list. The breakdown is as follows: 79,000 tonnes to Bhutan, 14,000 tonnes to Mauritius, and 50,000 tonnes to Singapore.

Reports indicate that more than 40 nations rely on India for more than half of their rice imports. Countries in certain regions of Africa and South Asia import over 80% of their rice from India.

This is the first exemption to the rice export ban announced by the MEA..

Singapore is one of India’s closest allies in Southeast Asia, with trade ties that exceed $30 billion.

Singapore maintains strong ties with China, its largest investor and trade partner.

According to reports from the Directorate General

AgroPolicy, Foodgrains, India, Sustainability

Narendra Singh Tomar holds bilateral meetings with the ministers of Guyana, Suriname, Zambia, Mauritius and Sri Lanka

Narendra Singh Tomar Union Agriculture and Farmers Welfare Minister held bilateral meetings with Agriculture Ministers of various countries participating in the Global Millets (Shree Anna) Conference. An MoU was also signed with the World Food Programme (WFP) of the United Nations. 

Narendra Singh Tomar lauded the work of WFP in promoting food self-sufficiency and supporting governmental and global efforts to ensure long-term solutions to the challenge of hunger.

At the conference, Tomar also thanked the ministers for being a part of the global conference organised by India with the aim of promoting Shree Anna, under the International Year of Millets (IYM).

He said that the International Year of Millets is being celebrated so that the Indian Shree Anna, its recipes, and value-added products are accepted globally as a people’s movement. He hoped to further strengthen India’s agricultural ties with various countries.

During the global conference, the MoU between WFP and the Government of India for cooperation between 2023-2027 was signed in the presence of the Tomar Agriculture Minister. Manoj Juneja, Deputy Chief Executive Director, Management and Chief Financial Officer of UNWFP, and Elizabeth Faure, WFP Representative and Country Director in India were present.

Meanwhile, he held bilateral meetings with his counterparts from various countries participating in the Global Millets Conference. In a meeting with Minister Zulfikar Mustafa, Guyana’s Agriculture Union Minister Tomar recalled the visit of Mohammad Irfan Ali, President of Guyana, and Bharat Jagdev, Vice-President of Guyana and said that agriculture is a very important area of cooperation between the two countries.

“India is keen to share its expertise and experience in the development of agriculture and allied sectors in Guyana, for which an MoU is under finalisation. He assured that Guyana’s request for the deputation of two experts to ITEC from India for three years to support the Guyana Sugar Corporation management and revive the sugar estates and plants in Guyana would be considered at the earliest,” said Tomar.

Apart from Guyana, Tomar also held meetings with his counterparts from Zambia, Suriname, Mauritius, and Sri Lanka.

Narendra Singh Tomar holds bilateral meetings with