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Global and Vietnamese marine ingredients supply chain Key takeaways from a webinar on the global fishmeal and fish oil industry and Vietnam’s role as consumer and producer.
Speakers at the webinar included Nguyen Thi Thanh Binh, Viet Nam Country Coordinator, GSA, Vietnam who presented on Best Aquaculture Practices (BAP) and Best Seafood Practices (BSP) certification programs.
T
he webinar on July 14, conducted in English and Vietnamese, addressed global market dynamics of the marine ingredient industry. As a leading aquaculture and aquafeed producer, Vietnam is an important player in this industry, not only in terms of consumption but also as a producer of fishmeal and fish oil. IFFO - The Marine Ingredients Organisation represents the marine ingredient and other related industries, involved with the trading of marine products such as fishmeal and fish oil. In his keynote address, Tran Dinh Luan, Director General of the Directorate of Fisheries at the Ministry of Agriculture and Rural Development, Vietnam, detailed some proposals on the 10-year plan to develop the marine aquaculture sector. The target is to industrialise marine cage farming in open waters and increase marine fish production, since the supply from capture fisheries is declining. Vietnam wants
to be a leader in marine fish production in ASEAN. Currently, the main farmed species are grouper, cobia, red snapper, tuna, milkfish and lobster. The lobster is exported mainly to China and seabass to global markets. With over 60 years of representing the marine ingredient industry, IFFO’s members from 50 countries, account for 55% of global production and 75% of the fishmeal and fish oil traded worldwide. IFFO supports its members with a wide range of benefits; one of IFFO’s focus is to further the responsible supply and production of marine ingredients. Demand for marine ingredients remains high and to ensure the industry’s future, a chain of industry standards now offer full traceability from the fishery to the consumer. Petter M. Johannessen, Director General, IFFO said, “The industry’s value chain and chain of custody allow
Key statistics: supply in 2020 Số liệu thống kê: nguồn cung trong năm 2020 Fishmeal: share of production
Fish oil: share of production
1.2% 7.8% 4.6% 1.9%
0.4%8.5% 6.2% 1.5%
Africa
35.7%
30.4%
Africa
Asia
Asia
Cis
Cis
Europe
Europe
Latin America
Latin America
North America
North America
Middle East
Middle East
Oceania
183.4
15.9%
372.6
326.1
307.0
238.2
July/August 2021 AQUA Culture Asia Pacific
0.8%
175.0
22.1%
140.1
Top 10 producers (000 mt) 284.4
28.5%
Oceania
2.5%
1047.5
32.1%
220.5
194.5
185.0
170.4
99.7 74.3
72.6
61.2
60.1
49.0
34.8
