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Friday / March 29. 2024
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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

The department has set a target of producing 50,000 seeds of potato from the hi-tech greenhouse set up at the Nagicherra Agricultural Research Centre

The Horticulture Department of Tripura has adopted a new method of using apical-rooted cuttings to produce quality seeds for potato cultivation, according to the local news. In the northeastern state, the farmers usually import potato seeds from outside the state and are facing challenges due to poor productivity and pest infection.

To address the perennial problem in potato cultivation, the horticulture department has set up a hi-tech greenhouse to produce quality seeds by adopting apical rooted cutting, which has already become popular in Assam and Meghalaya.

Initially, the department has set a target of producing 50,000 seeds of potato from the hi-tech greenhouse set up at Nagicherra Agricultural Research Centre, 17 km from the state capital. The department has already roped in the International Potato Centre (CIP) in Peru. Apical cuttings are rooted transplants produced in a greenhouse from tissue culture plantlets.

Rather than allowing tissue culture plantlets to mature and produce mini tubers, cuttings are produced from the plantlets. Once rooted, the cuttings are transplanted into the field to produce seed tubers. Ghosh said the seeds will be distributed among the farmers to grow potatoes in their farmlands.

The department has set a target of

ACTAVAN was developed in collaboration with Waikaitu; uses plant extracts as a novel active ingredient against fruit rots

ADAMA Ltd. announced the registration of its global bio-control product, ACTAVAN, in Peru. ACTAVAN is ADAMA’s first global bio-fungicide developed in collaboration with the New Zealand company Waikaitu Ltd.

ACTAVAN uses plant extracts to effectively prevent the occurrence of fruit rots in crops such as grapes, berries, and certain vegetables while improving their quality. In addition, ACTAVAN increases the sugar content, peel firmness, size, and weight of the berries, also reducing fruit splitting.

As a biological product, ACTAVAN is compatible with organic farming and integrated pest management (IPM) practices ACTAVAN represents a significant innovation in ADAMA’s physical offering and complements the existing ADAMA portfolio by providing adequate and reliable fungicidal action for all types of farming using a novel active ingredient.

“Farmers worldwide are searching for an effective bio-fungicide that allows them to incorporate sustainable agricultural practices, and still produce high-quality fruits and berries,” said Walter Costa, VP of Marketing and Product Strategy at ADAMA. “A great collaboration with Waikaitu led to a novel and powerful bio-fungicide that meets both the complex requirements of the value chain and the high-quality performance standards that fruits and vegetables producers have been waiting for.”

“We’re proud to work together with ADAMA to deliver this vital product that helps farmers maintain the balance of nature,” said Alex Pressman, CEO and founder at Waikaitu Ltd. “Sustainable farming is the future for feeding the world’s population in a way that is better for the planet and better for business. ACTAVAN protects plants from harmful fungal diseases and improves fruit quality while meeting organic and sustainable farming requirements.”

ACTAVAN was developed in collaboration with Waikaitu; uses

This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world

ONIT Sciences announced that MGX will serve as the exclusive authorised distributor for ONIT’s innovative organic products across three major agricultural regions.

“This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world,” stated Jeff Moses, president of ONIT Sciences. “MGX is a proven performer, with a world-class team and deep connections to major crop producers in each region they serve. We are extremely excited to open these new markets and help support organic initiatives in countries that have been harmed by chemical farming protocols.”

MGX will carry all ONIT Science products, including its flagship ONIT Grow, a powerful bio-stimulant, surfactant and soil amendment that uses all-natural, organic ingredients to penetrate even the toughest plant surface to stimulate plant vigour and yield. Increases in yield have been documented as high as 40 per cent in some crops. Also available through MGX are the company’s ONIT Input Plus and ONIT Input products, which help farmers significantly reduce costs by enhancing the uptake and absorption of any nutrient, fertiliser or other input that it is mixed with.

“At MGX, we are excited about this new opportunity that will be a great extension to our existing lineup of quality products.  From our initial research, we can see that ONIT’s organic products will be well received within the agricultural communities and within the governments,” stated Moe Negin, Founder of MGX Global Trade Canada Corp. “Our mission is to give back to local communities in rural areas by supplying environmentally sustainable products to help our planet and for healthier future generations.”

Territories covered by this exclusive Authorized Distributor agreement include:

South America

Colombia, Peru, Brazil, Mexico, Panama, Argentina, Chile

Middle East/North Africa
Algeria, Turkey, Dubai, UAE, Bahrain, Egypt, Oman, Libya, Saudia Arabia, Qatar, Kuwait, Lebanon, Iraq, Israel, Jordan, Syria, Tunisia, Yemen

Philippines

This agreement with MGX is evidence of

The approval of the law recognising ancestral and artisanal fishing is a historic milestone that guarantees the protection of this zone

Peru has just achieved an important victory in the protection of the five nautical miles along its coasts. The approval of the law recognising ancestral and artisanal fishing is a historic milestone that guarantees the protection of this zone, benefiting over 50,000 artisanal fishermen who provide 80 per cent of the fish that feeds the Peruvian population.

It is worth noting that the first five nautical miles play a fundamental role in the life cycle of marine species inhabiting the Peruvian sea and are highly productive. These waters host the main upwelling systems in the ocean, providing vital nutrients for the reproduction and growth of the hydrobiological resources that sustain Peruvian fishing. Protecting this area is essential to preserve the abundance of our fishing resources and guarantee the employment of hundreds of thousands of Peruvians.

The law recognises the first five nautical miles adjacent to the Peruvian coast as a protection zone and establishes the following measures:

Prohibits large-scale fishing within the 5-mile area, without exceptions (this prohibition existed only at the regulatory level and was subject to exceptions).

Prohibits mechanised purse-seiners of any size in the first 3 miles.

Orders the fishing authority to approve a list of the fishing gear that will be allowed in the area, which must exclude any gear harmful to the habitat.

The law also establishes a new classification for commercial fishing, which differentiates artisanal fishing (with a predominance of manual work), from small-scale fishing (with medium-sized boats that use mechanised fishing gear). This will make it possible to design differentiated management measures for both fleets, according to their fishing power and impact on the ecosystem.

Finally, the law also includes the express mandate for the fishing quotas to be established respecting biological reference points that ensure sustainability and that must be defined by the scientific authority. In addition, it orders to take measures to recover overexploited species.

The approval of the law recognising ancestral

The larger production of fishmeal in Peru due to the late start of the second fishing season

The world’s fishmeal production in the first two months of this year increased by 55 per cent from the same period of last year, according to the latest report from the Marine Ingredients Organisation (IFFO).

IFFO reports that overall marine raw material used was about 15 per cent higher in February 2023 compared with the same month last year. This was due to better catches in all the regions, bar Spain and the Icelandic and North Atlantic area.

The larger production of fishmeal in Peru due to the late start of the second fishing season in the North-centre area of the country was the main driver, but most regions have started the year with improved availability of raw material.

As for fish oil, total cumulative output in the first 2 months of 2023 was 20 per cent down year-on-year, mainly driven by the drop in production reported in the Icelandic and North Atlantic area.

Peru’s second fishing season in the North-Centre region was officially closed on February 5, with 84 per cent of the 2.283 million tonne quota landed. No catches are being reported in Peru at the moment; the industry is expecting the government to shortly conclude the evaluation of the Peruvian Institute for Marine Studies (IMARPE)’s report on the status of the anchovy biomass; official announcements on the quota and the starting date of the next fishing season in the North-centre of the country could come soon.

China’s marine ingredients and aquafeed production remain subdued. Little time is left before the new fishing ban along the Chinese coastline will be re-imposed on May 1. By-products from processed fish destined to direct human consumption are getting more important as a source of raw material for reduction, together with imports of marine ingredients.

Aquafeed production in the first months of 2023 has remained subdued, partly because of the seasonal activity slowdown in both the aquaculture and pig farming sector, partly because of the Covid wave that hit the country and the long holiday breaks. Aquafarming activities have so far remained confined to some areas of Guangdong, Guangxi and Hainan provinces. It is expected that the sector will reactivate when temperatures rise in April-May.

The larger production of fishmeal in Peru

ADAMA Chile produces leading bio-stimulant products in Latin America, including ExpertGrow

ADAMA Ltd, a leading crop protection company, announced that it has exercised its call option to acquire the remaining 40 per cent stake in ADAMA Chile, formerly known as Chile Agro. This is following ADAMA’s initial investment in Chile Agro in 2013, whereby the Company acquired 60 per cent of its equity.

ADAMA Chile specialises in the development, production and commercialisation of bio plant nutrition and agrochemical products in Chile, including ExpertGrow, a triple mode-of-action bio-stimulant for the increase of yield in a variety of fruits and vegetables as well as in soybeans. ExpertGrow is based on a unique fermentation process – developed by ADAMA – that improves the plant’s photosynthesis, thereby reducing abiotic stress and improving fruit/pod retention and plant growth.

ExpertGrow is sold across Latin America in Brazil, Columbia, Peru, Ecuador and Paraguay as well as in other key markets such as Italy, France, Spain, China and Thailand. In the coming years, it is expected to be rolled out to additional countries.

The global biological crop protection market is fast-growing and expected to reach $18.2 billion in 2026. Combined with formulation capabilities and additional leading biological products such as NUTRICHELATES and LIGHUP, ADAMA has a strong pipeline of solutions to deliver to the Latin American market in the coming years.

“Biologicals are an important segment of ADAMA’s developing sustainable portfolio,” said Carlos Danilowicz, Head of the Latin America Commercial Unit. “We see a growing interest from farmers in biological products, especially in fruit and vegetable crops that are grown for export, addressing consumer and regulatory environments. This further investment will increase our presence in this growing market.”  

ADAMA Chile produces leading bio-stimulant products in Latin

The company will also pursue other crops including avocados

Bee Vectoring Technologies International announced that the company is expanding into Peru, extending its presence into a major global blueberry market. The company will also pursue other crops including avocados. Peru is the beachhead for BVT’s entry into the South American market.

“We are currently selling commercially in the US and working through the regulatory processes of Switzerland, Europe, and Mexico. We are seeing a compelling fit in blueberries, so expansion into Peru is a logical next step,” said Ashish Malik, CEO, BVT. “Not only does Peru use bees for pollination of blueberries, but there is a great opportunity in avocados, which will be a new crop for us, for which Peru is the third-largest producer.”

BVT has begun the development work needed to enter Peru, including trial and regulatory requirements. The first step in entering the Peruvian market is to secure an import and experimental use permit, which would enable field trials of BVT’s proprietary Clonostachys rosea CR-7 microbial strain (CR-7), delivered through the company’s bee delivery system. Once the permit is secured, the company plans to run berry and avocado trials at the start of the next growing season for each crop type. The data from the trials will be used for regulatory submission.

The company has engaged an established Peru-based agriculture consultancy to lead regulatory and market development efforts. More go-to-market partnerships will be secured with local partners as the company progresses through the trial and regulatory stages of establishing its business in Peru.

Peru represents a huge market opportunity for BVT. The country is one of Latin America’s best-performing economies, led by its seasonal exports of high-value fresh fruit and vegetables, including blueberries, table grapes, avocados, and asparagus. Initially, the Company will focus on field trials of its CR-7 bio-fungicide on blueberry and avocado crops in the Peruvian market.

The company will also pursue other crops