IFFO's Webinar took place April 20-21, providing all members of the Marine Ingredients Organisation with the latest insights from nearly 20 speakers, on the global fishmeal and fish oil markets, in-depth country presentations and new research.

Chaired by IntraFish's Rachel Mutter, a panel looked at salmon and shrimp market trends. All panellists, from Allan Cooper (Vitapro S.A.) to Therese Log Bergjord (Skretting), Aisla Jones (Co-op), Odd Eliasen (Havsbrun) and Jonathan Banks, underlined that sustainability, transparency and communication with consumers are central to the future of aquafeed. Documented facts and figures on seafood's carbon footprint, nutritional properties of fishmeal and fish oil and sustainable harvesting of fish stocks demonstrate aquaculture's success story.

Throughout the Covid-19 pandemic, a major shift has happened mainly in the shrimp sector, with some changes occurring also in the salmon industry. Supply chains have adapted to allow for a move to retail to be made. Digital transformation, through analytics, will be the way forward to improve service, traceability and feed efficiency.

Climate change presents new challenges to fisheries governance and management. Scientific knowledge is providing strategic thinking to take relevant adaptation and mitigation measures. IFFO's President and Director General emphasised that collaboration between stakeholders from public and private sectors ought to be strengthened, as fishery management principles depend on a combination of regulations, law enforcement and scientific as well as technical knowledge.

Petter M. Johannessen, IFFO Director General, said: 'There is a need for 20 million tons of additional farmed seafood towards 2030. In this decade, 25-30 million tons of additional feed ingredients are therefore required. Collaboration will be of vital importance for securing enough healthy food for the ever-growing global population'.

IFFO will continue applying science and market research intelligence to anticipate the future state of the marine ingredients industry regarding fish stocks and biomass.

Developing an innovative traceability system that includes all activities from fishing to feed, using key information such as species, catch area, gear, vessel name, fishmeal plant, is key to fulfil the environmental and commercial objectives (IUU and origin) of the market. MarinTrust, the leading third-party accredited certification standards for marine ingredients, explained that such a project was on its way. Interoperability is key, which explains that a long-term perspective is needed.

For more information about IFFO visit their website, HERE.

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