2 Last weeks’ operations

3 Peru

5 Chile

6 Europe

7 China

Weekly figures - Based on the data reported, in week 2 2021 a total of around 198,000 mt of raw material

was estimated to have been used to produce roughly 44,000 mt of fishmeal and 11,000 mt of fish oil.

Landings and production volumes in Chile during the second week of the year slightly rebounded, mainly

on the back of the improved availability of raw material in the South of the country. As for the northern

fishing grounds, on Thursday 21st a new resolution imposed a fishing ban until 21st February between re-

gions XV and II (i.e., regions of Arica , Parinacota and Antofagasta). The resolution still allows the mackerel

fishing in all regions, and that of anchovy in region I).

In Northern Europe the overall supply of raw material in the second week of the year 2021 remained

subdued, with almost no catches in the Denmark/Norway area. Blue whiting landings improved in Iceland

though.

As already mentioned in our previous report, the start of the year is usually a quiet time in these European

countries, as most of the annual quotas are fixed later on during the year.

In this issue:

The distribution of this report is strictly limited to IFFO’s members. No copies should be forwarded or distributed to anyone outside

IFFO’s membership.

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Weekly cumulative raw material in 2021 (mt)

Total 2020 Chile Peru Denmark/Norway Iceland/ North Atlantic

0

400,000

800,000

1,200,000

1,600,000

2,000,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Weekly cumulative fishmeal production in 2021 (mt)

Total 2020 Chile Peru Denmark/Norway Iceland/ North Atlantic

0

100,000

200,000

300,000

400,000

500,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Weekly cumulative fish oil production in 2021 (mt)

Total 2020 Chile Peru Denmark/Norway Iceland/North Atlantic

WEEKLY REPORT

Week 2/21

11 Jan 21 to 17 Jan 21

This report is sponsored by

https://www.tres-a.net/ing/index.asp

2

2

Fishmeal production

Raw material and production data

Fish oil production

Raw material

We mentioned last week that the spring spawning herring quota for the year 2021 has been preliminary fixed in Norway at

494,785 mt, while that of blue whiting at 208,306 mt. Meanwhile last week for the first time Norway and the EU sat down with the

UK to negotiate the new quotas of the fisheries they share. This is a direct effect of the recent Brexit agreement.

In Iceland, while scientists continue to collect the scientific evidence needed to fix a capelin quota for the year 2021, preliminary

quotas for Icelandic herring and blue whiting have been fixed at 30,489 mt (plus 4,668 mt left in 2020) and 194,080 mt (plus 7,663

mt from 2020), respectively. In 2020 final quotas were 47,421 mt for herring and 246,900 mt for blue whiting.

As for Denmark, so far we have a quota of 70,000 mt for sprat to be updated in July (in 2019 the final quotas was 190,000 mt); a

preliminary Norway pout quota of 5,600 mt (the final one in 2019 came at 72,000 mt); and a blue whiting quota of 32,400 mt, vs

51,000 mt in 2019. The sand eel quota, the biggest fishery quota in 2019 (248,000 mt) in Denmark, will be decided in a meeting

among the coastal states in March 2021.

2020/2021 2019/2020

0

100,000

200,000

300,000

400,000

500,000

600,000

3 2

020

5 2

020

7 2

020

9 2

020

11 2

020

13 2

020

15 2

020

17 2

020

19 2

020

21 2

020

23 2

020

25 2

020

27 2

020

29 2

020

31 2

020

33 2

020

35 2

020

37 2

020

39 2

020

41 2

020

43 2

020

45 2

020

47 2

020

49 2

020

51 2

020

53 2

020

2 2

021

13/01/20 to 17/01/21

Chile Peru Denmark/Norway Iceland/North Atlantic

0

100,000

200,000

300,000

400,000

500,000

600,000

3 2

019

5 2

019

7 2

019

9 2

019

11 2

019

13 2

019

15 2

019

17 2

019

19 2

019

21 2

019

23 2

019

25 2

019

27 2

019

29 2

019

31 2

019

33 2

019

35 2

019

37 2

019

39 2

019

41 2

019

43 2

019

45 2

019

47 2

019

49 2

019

51 2

019

1 2

020

3 2

020

5 2

020

14/01/19 to 09/02/20

Chile Peru Denmark/Norway Iceland/North Atlantic

11/01/21 17/01/21 04/01/21 10/01/21 13/01/20 19/01/20

Chile† 101.7% 48,486 75,437 -35.7%

Peru -32.5% 369,869 14,578 2437.2%

Denmark/Norway# 0.0% 5,200 3,410 52.5%

Iceland/North Atlantic†* 1.6% 28,816 8,642 233.4%

Total -22.3% 452,371 102,066 343.2%

source: IFFO All numbers are preliminary and subject to revision †Plus trimmings # Trimmings not available *Includes U.K., Ireland and Faroe Islands

RegionsWeek 2 Week 1 Week 3 in 2020

Cumulative 2021 Cumulative 2020% change

week on week

Cumulative %

change

32,417

254,562

2,200

3,781

29,716

149,071

14,520

16,068 23,735

220,798

3,400

14,296

0

1,800

197,808

11/01/21 17/01/21 04/01/21 10/01/21 13/01/20 19/01/20

Chile# 132.8% 10,394 15,916 -34.7%

Peru -32.3% 86,858 3,378 2471.3%

Denmark/Norway 0.0% 1,092 732 49.2%

Iceland/North Atlantic* -60.6% 4,017 1,837 118.6%

Total -25.1% 102,362 21,863 368.2%

source: IFFO All numbers are preliminary and subject to revision #Includes salmon-derived meal *Includes U.K., Ireland and Faroe Islands

6,09543,851 58,511

7,271 3,123 4,802

Cumulative 2020Cumulative 2021

1,136 2,881 832

35,066 51,793 0

378 714 462

% change

week on week

Cumulative %

changeRegions

Week 2 Week 1 Week 3 in 2020

11/01/21 17/01/21 04/01/21 10/01/21 13/01/20 19/01/20

Chile# 52.4% 4,921 7,154 -31.2%

Peru -47.9% 22,819 417 5376.6%

Denmark/Norway 0.0% 415 240 72.8%

Iceland/North Atlantic* -28.8% 1,094 605 80.8%

Total -36.2% 29,251 8,416 247.5%

source: IFFO All numbers are preliminary and subject to revision #Includes salmon-derived oil *Includes U.K., Ireland and Faroe Islands

Cumulative %

changeRegions

Week 2 Week 1 Week 3 in 2020Cumulative 2021 Cumulative 2020

2,514

2,92411,391 17,860

144 272 176

7,820 14,999 0

2,972 1,950

455 639 234

% change

week on week

The latest statistics on raw material and production can be found on our website at the following link: https://www.iffo.com/members-area/weekly-data

https://www.iffo.com/members-area/weekly-data

3

3

Peru

Quota in North-Centre Region Quota in South Region

Still no news on the first quota of the year 2021 in the South area, usually fixed at around 400,000 mt.

As for the North-Centre region, fishing operations continued with an average daily catch of 21,000 mt in week 2 2021, down to

15,000 mt per day in the first 3 days of week 3 2021. By January 20th the quota fulfilment was reported at around 88% of the 2.78

million mt quota. With the current landing pace the remaining 343,000 mt could be landed in 22 days, so by mid-February 2021.

Fish oil yields dropped to 5.2% as landings were distributed more evenly than usual across ports.

Inside this issue we are finally able to report the Peruvian monthly statistics on fishmeal and fish oil trade for the year 2020.

December figures might be further adjusted, but as numbers stand now a reduction of over 15% year on year might have occurred

in terms of annual fishmeal exports: 860,000 mt in 2020 vs 1.037 million mt in 2019. Asia remained the main destination, with

China, Japan and Vietnam taking the first 3 spots. China seems to have absorbed 77% of the total Peruvian shipments reported in

2020, although around 100,000 mt less have been taken with respect to the year 2019.

As for fish oil, total shipments in 2020 were down, year on year, by 35%: 117,000 mt vs 181,000 mt. Belgium gained the first spot,

previously occupied by Denmark, whose tonnage decreased by 80%. All regions received less fish oil than during the year 2019,

apart from Belgium and the Netherlands.

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Raw material per week (mt)

2016-2020 average 2019/2020 2020/2021

Raw material

Paita 0 0.0 0

Chicama 39,261 0.0 375

Chimbote 40,485 1.5 419

Centro 52,727 17.0 468

Pisco 16,598 6.8 64

Sur 0 0.0 0

Total 149,071 - 1326source: IMARPE

Week 2

Port (mt)average % of

juvenile

no of

vessels

55310,023

4,001 0 0 05,980

126,264

143,168

77,860

16,598

0

Paita Chicama Chimbote Centro Pisco Sur

Cumulative landings per port through week 2 (mt)

2 2020 2 2021

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 2

Total vessels used per week in 2020-2021

Total quota (metric tonnes) 2,780,000

Landings through mid-week 3 2,423,254

Left quota 356,746

Season opened on 12th November 2020

Total quota (metric tonnes) 0

Landings through mid-week 3 0

Left quota 0

No quota announced yet

87.2%

12.8%

Landings Left quota

0.0%

100.0%

Landings Left quota

The latest statistics on the quotas fulfilment can be found on our website at the following link: https://www.iffo.com/peruvian-quotas-and-catches

https://www.iffo.com/peruvian-quotas-and-catches

4

4

Peru

Destination Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecTotal Jan-

Dec 2020

% on total

2020

Total Jan-

Dec 2019

% on total

2019

% change

2020-2019

China 55,190 35,930 32,933 11,357 5,143 38,159 160,363 153,244 96,726 10,873 921 63,740 664,581 77.4% 769,366 74.2% -13.6%

Japan 6,461 4,968 3,379 1,026 1,033 1,777 5,953 6,199 8,065 4,162 1,569 747 45,339 5.3% 75,779 7.3% -40.2%

Vietnam 7,124 1,334 594 527 0 0 6,365 12,533 5,231 1,452 2,403 499 38,062 4.4% 46,114 4.4% -17.5%

Germany 7,914 0 0 0 0 7,761 0 8,612 9,416 0 0 0 33,703 3.9% 31,165 3.0% 8.1%

Taiwan 2,088 1,291 1,111 149 411 2,241 2,274 3,925 4,592 1,557 200 2,104 21,941 2.6% 29,568 2.9% -25.8%

Australia 750 995 636 781 503 407 2,101 886 2,006 1,130 311 296 10,803 1.3% 7,123 0.7% 51.7%

Ecuador 2,017 1,198 693 770 2,284 429 1,595 60 0 0 423 485 9,955 1.2% 14,775 1.4% -32.6%

Chile 565 2,588 1,322 0 0 0 0 352 351 299 0 0 5,478 0.6% 17,980 1.7% -69.5%

South Korea 635 651 0 1,263 0 0 1,247 486 465 0 0 0 4,746 0.6% 5,079 0.5% -6.6%

Canada 348 912 1,418 421 594 0 206 499 0 0 100 199 4,697 0.5% 6,480 0.6% -27.5%

Spain 504 0 0 348 102 0 0 1,498 708 351 399 401 4,310 0.5% 9,788 0.9% -56.0%

Denmark 992 1,049 297 0 249 0 1,136 545 0 0 0 0 4,267 0.5% 7,071 0.7% -39.7%

Indonesia 0 200 0 0 0 201 0 511 0 645 0 209 1,767 0.2% 1,715 0.2% 3.0%

Philippines 206 213 0 0 104 212 0 80 266 212 0 106 1,399 0.2% 1,108 0.1% 26.3%

Others 211 2,205 264 645 501 734 149 300 327 1,360 218 306 7,220 0.8% 13,402 1.3% -46.1%

Total 85,006 53,534 42,648 17,287 10,922 51,922 181,389 189,729 128,152 22,041 6,544 69,092 858,267 100% 1,036,515 100% -17.2%

source: Peruvian Customs

Fishmeal trade

Exports by destination (mt)

0

200000

400000

600000

800000

1000000

1200000

jan feb mar apr may jun jul aug sep oct nov dec

Cumulative exports (mt)

2019 2020

682,266631,033

1,001,866 1,003,476 1,036,515

858,267

2015 2016 2017 2018 2019 2020

Exports through December (mt)

China Japan Vietnam Germany Taiwan Others

Destination Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecTotal Jan-

Dec 2020

% on total

2020

Total Jan-

Dec 2019

% on total

2019

% change

2020-2019

Belgium 0 0 6,012 0 5,100 0 6,911 8,714 2,745 0 0 3,206 32,688 27.9% 29,760 16.5% 9.8%

Canada 266 4,577 770 291 3,222 463 4,772 514 1,021 259 77 602 16,835 14.3% 22,447 12.4% -25.0%

China 0 0 0 1,010 251 0 1,237 4,575 4,937 1,934 0 0 13,945 11.9% 21,136 11.7% -34.0%

Chile 225 304 1,251 916 42 218 2,076 1,628 1,597 498 2,829 595 12,177 10.4% 17,839 9.9% -31.7%

Norway 441 0 0 0 101 203 284 390 626 6,731 0 0 8,778 7.5% 17,203 9.5% -49.0%

Denmark 0 5,476 0 0 1,899 0 0 0 0 0 0 0 7,375 6.3% 38,440 21.3% -80.8%

Australia 522 51 1,349 1,509 46 264 249 1,571 211 203 18 76 6,070 5.2% 7,294 4.0% -16.8%

Netherlands 0 0 0 0 0 0 0 5,958 0 0 0 0 5,958 5.1% 1,682 0.9% 254.2%

Japan 102 103 179 146 127 505 299 0 320 319 555 663 3,320 2.8% 6,349 3.5% -47.7%

United States 103 94 280 350 72 165 297 112 345 46 314 287 2,464 2.1% 5,914 3.3% -58.3%

Others 636 419 502 391 231 397 207 472 1,081 2,132 323 937 7,727 6.6% 12,463 6.9% -38.0%

Total 2,295 11,025 10,343 4,614 11,091 2,216 16,334 23,933 12,884 12,122 4,116 6,365 117,339 100% 180,526 100% -35.0%

source: Peruvian Customs

Fish oil trade

Exports by destination (mt)

0

20000

40000

60000

80000

100000

120000

140000

160000

180000

200000

jan feb mar apr may jun jul aug sep oct nov dec

Cumulative exports (mt)

2019 2020

116,393

92,072

167,385

194,099180,526

117,339

2015 2016 2017 2018 2019 2020

Exports through December (mt)

Belgium Canada China Chile Norway Others

5

5

Fishmeal and fish oil production

Meal quality and yields

Fishmeal production

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative fishmeal production (mt)

2020 2021

0

50,000

100,000

150,000

200,000

250,000

300,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative fish oil production (mt)

2020 2021

Meal quality (mt)

Standard 121

Prime 30,136 Meal Yield 23.5%

Super Prime 4,809 Oil Yield 5.2%source: IFFO

Week 2

4.25

Fishmeal production

factor

0%

5%

10%

15%

20%

25%

30%

3 20

20

5 20

20

7 20

20

9 20

20

11 2

020

13 2

020

15 2

020

17 2

020

19 2

020

21 2

020

23 2

020

25 2

020

27 2

020

29 2

020

31 2

020

33 2

020

35 2

020

37 2

020

39 2

020

41 2

020

43 2

020

45 2

020

47 2

020

49 2

020

51 2

020

53 2

020

2 20

21

Weekly meal yield Weekly oil yield

fishing ban periodfrom to from to

XV - II 1st Jan - 21st Feb closed

III - IV 1st Jan - 9th Feb open

V - VIII 1st Jan - 18th Feb closed

Anchovy/sardine IX - XIV 1th Jan - 7th Feb closed

source: IFFO

regions

Anchovy/sardine

season

status

Anchovy

Anchovy/sardine

Species

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

Raw material per week (mt)

2016-2020 average 2019/2020 2020/2021

0

100,000

200,000

300,000

400,000

500,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative fishmeal production (mt)

2020 2021

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative fish oil production (mt)

2020 2021

North South

Meal yield 21.3% 25.2%

Oil yield 1.7% 5.4%

Week 2 2021

0.0%2.0%4.0%6.0%8.0%10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

3 2

02

0

5 2

02

0

7 2

02

0

9 2

02

0

11

20

20

13

20

20

15

20

20

17

20

20

19

20

20

21

20

20

23

20

20

25

20

20

27

20

20

29

20

20

31

20

20

33

20

20

35

20

20

37

20

20

39

20

20

41

20

20

43

20

20

45

20

20

47

20

20

49

20

20

51

20

20

53

20

20

2 2

02

1

Weekly yield in the North

Meal Oil

0.0%

4.0%

8.0%

12.0%

16.0%

0.0%

10.0%

20.0%

30.0%

40.0%

3 2

02

0

5 2

02

0

7 2

02

0

9 2

02

0

11

20

20

13

20

20

15

20

20

17

20

20

19

20

20

21

20

20

23

20

20

25

20

20

27

20

20

29

20

20

31

20

20

33

20

20

35

20

20

37

20

20

39

20

20

41

20

20

43

20

20

45

20

20

47

20

20

49

20

20

51

20

20

53

20

20

2 2

02

1

Weekly yield in the South

Meal Oil

Chile

Peru

6

6

Raw material

Fishmeal production

Fish oil production

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

Raw material per week in Denmark/Norway (mt)

2016-2020 average 2019/2020 2020/2021

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

Raw material material per week in Iceland/North Atlantic (mt)

2016-2020 average 2019/2020 2020/2021

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative Denmark/Norway fishmeal production (mt)

2020 2021

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative Iceland/North Atlantic fishmeal production (mt)

2020 2021

0

20,000

40,000

60,000

80,000

100,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative Denmark/Norway fish oil production (mt)

2020 2021

0

20,000

40,000

60,000

80,000

100,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Cumulative Iceland/North Atlantic fish oil production (mt)

2020 2021

Europe

7

7

Fishmeal

source: www.jcichina.com

week 51 52 53 1 2 3

2020/2021 17,640 17,730 16,090 21,070 18,210 17,770

week 51 52 53 1 2 3

2019/2020 20,950 22,210 24,000 27,420 29,940 5,400

Weekly fishmeal port off-take (mt)

week 51 52 53 1 2 3

2020/2021 125,220 121,640 112,450 104,180 91,760 80,160

week 51 52 53 1 2 3

2019/2020 189,300 178,650 166,830 161,150 138,450 133,730

week 51 52 53 1 2 3

131,364 131,364 125,110138,136 131,402 116,338

Total weekly fishmeal port stocks (mt)

average

2016-2020

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 1 3 5

Weekly port off-take (mt)

2019-2020 2020-2021

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 1 3 5

Total weekly port stocks (mt)

2019-2020 2020-2021 average 2016-2020

China

8

8

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