Fishmeal production continues to decline

Total fishmeal production by the five major producers declined in 2009, continuing a trend started some years ago. Chile is the only country reporting any increase in production, while all others reported lower outputs. Prices have started to move upwards since some months now, and further price increases are likely. China continues to buy huge quantities of fishmeal more than 50% of total fishmeal exports and its strong demand is the reason for the present price hike.