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Friday / November 22. 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

This is the second GM plant introduced in the country, following Bt brinjal in 2014

Bangladesh has introduced two types of genetically modified (GM) cotton to increase crop yields and reduce the need for imports.

This is the second GM crop introduced in the country, following Bt brinjal in 2014.

During a seminar held at the Cotton Development Board office in Dhaka, Muhammad Abdur Razzaque, Agriculture Minister stated that the introduction of Bt and hybrid varieties could help meet around 20 per cent of the domestic cotton demand, which amounts to approximately 1.5 million bales.

Spinning and weaving industries need an additional 85 lakh bales of cotton to produce yarn and fabrics for export-oriented garment factories.

According to local media, domestic growers can only supply two lakh bales of cotton. As a result, Bangladesh imports a significant amount of cotton from countries such as India, Pakistan, Brazil, Australia, Argentina, South Africa, and Central Asian countries, spending around Tk 33,000 crore annually.

The production cost of Bt cotton is 12-15 per cent lower than local varieties, with an average yield of 4,500 kg per hectare, 15-20 per cent higher.

This is the second GM plant introduced

Sierra is based on ADAMA’s unique formulation technology platform for improved consumer traits and robust efficacy on key broadleaf weeds

ADAMA Ltd. announces the registration of Sierra, its self-produced Saflufenacil-based herbicide formulation, the first off-patent product based on this active ingredient, in Australia.

Sierra, powered by ADAMA’s unique formulation technology platform, provides farmers with a critical resistance management tool for improved knockdown of annual grass and broadleaf weeds in various crop and non-crop situations while maximising efficiency and minimising loss of valuable soil moisture. Sierra’s superior and consistent performance in comparison to existing solutions has been confirmed by more than 100 trials conducted across different conditions.

“This significant milestone is the first global registration of saflufenacil, one of the active ingredients in our ‘Core Leap’ strategy,” said Walter Costa, VP of Marketing and Product Strategy at ADAMA. “The registration in Australia of this important molecule demonstrates our dedication to delivering innovative solutions that meet farmers’ needs and ADAMA’s agility to bring that strategy to life. We are excited to bring this patented, high-performance product to the market. It is part of our commitment to offer a complete range of crop protection solutions to cereals and pulse growers around the globe.”

ADAMA expects further registration approvals for this product to be obtained in the upcoming years in Brazil, Canada, Argentina, South Africa and others.

Sierra is based on ADAMA's unique formulation

Launches robust campaign spanned across the year supported easy access to delicious South African produce to Indian consumers

Hortgro India ended 2021 on a positive note with a remarkable upsurge in demand for South African apples and pears in the Indian market. Promoting the excellent produce from South Africa in India, Hortgro conducted multiple marketing activities in 2021, reaching out to key stakeholders to increase awareness and affinity about the beautiful fruits from the beautiful country. The robust campaign spanned across the year supported easy access to delicious South African produce to Indian consumers.

A variety of apples and pears ranging from Pink Lady Apples, Royal Gala, and Granny Smith to Vermont Beauty, Forelle, and Packham Pears adorned the Indian markets.

Sachin Khurana, India Representative, Hortgro said, “The South African pome fruit growers, packers, and exporters are extremely delighted with the love Indian consumers have showered on South African Apples & Pears. 2021 has seen phenomenal growth in terms of imports from South Africa and we are committed to supplying Indian consumers with excellent quality and great tasting products. I see a lot of interest and enthusiasm from large importers and retailers from India about the business possibility that South African produce brings.”

South African Apples and Pears are now easily available at modern retailers, neighbourhood stores, local pushcart vendors as well as leading online stores.

Launches robust campaign spanned across the year