Lisbon, 23rd October 2024
IFFO – The Marine Ingredients Organisation held its three day Annual Conference in Lisbon, Portugal, from the 21st to 23rd to October. Open to IFFO Members and non-IFFO Members interested in the marine ingredients value chain, the conference gathered a record number of 530 delegates from 43 countries.
Market update and Peru’s quota
The conference included two sessions looking at challenges and opportunities and two market sessions. Peru’s announcement on 22nd October that the second fishing season of anchovy and white anchovy in the North-Centre of the country for the year 2024 would start on 1st November 2024 was one of the highlights of the conference, with the quota for this region being fixed at 2.510 million tons. Peru accounts for around 20% of global fishmeal supply in an average year.
Nutrition, impact and social license
Close to 30 speakers discussed feed ingredient strategies for the future, supply and demand for marine ingredients, feed ingredients industry beyond fishmeal and fish oil and explored the role which marine ingredients play in human health.
“We all recognize that quality feed leads to quality food, and that’s the foundation of everything we do” IFFO’s Director General, Petter Johannessen, noted. “Along with this contribution comes great responsibility. We must measure our impacts—both environmentally and socially—using science-backed frameworks to track progress. We’ve seen exciting examples of innovation and ambitious efforts already taking shape across the industry”.
The industry understands that its social license to operate is essential. Earning and maintaining this requires collaboration and investment in fishery sustainability, which were key themes throughout the conference.
Closing the conference, IFFO’s President Egil Magne Haugstad announced that next year’s would take place in Tokyo from 20th to 22nd October 2025.
The key takeaways from each of the three days are available at: https://www.iffo.com/blog
