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After the 2023/24 El Niño cycle, fishmeal production in marketing year (MY) 2024/25 is expected to recuperate back to 1.1 million metric tons (MMT), a 39 percent increase compared to the previous year's estimates.
Peru is the largest fishmeal producer in the world. Fishmeal production in marketing year (MY) 2023/24 is forecast at 1.18 million metric tons, a 23 percent increase compared to the previous year's estimate.
Fishmeal exports reached a surprising 1.2 million metric tons (MMT) in MY 2021, the highest amount in ten years. However, production and exports are forecast to return to more normal levels at 910,000 and 896,000 metric tons, respectively.
Fishmeal production in MY 2021/2022 is forecast at 900,000 MT. Fishmeal exports in MY 2021/2022 are estimated at 894,000 MT, remaining at the same levels as the previous year.
For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
Hemp cultivation in Italy is legal since January 2017 when the Italian law No. 242/2016 promoting hemp cultivation and its industrial uses entered into force, leading to a sector revival....
Peru's 10-year moratorium on genetically engineered (GE) crops and zero tolerance for GE events is scheduled to expire in 2021.
Fishmeal production in marketing year (MY) 2019/2020 (January-December 2019) is estimated at 890,000 MT, falling 25 percent compared to the previous year.
Total EU oilseeds area and production in MY 2018/19 is forecast slightly upward due to increasing acreage of all three major oilseeds (rapeseed, soybean and sunflower).
Peru is the world's leading fishmeal exporter. Fishmeal production for MY2017/2018 is up 29 percent over the previous marketing year.
Italy is the second largest olive oil producer in the European Union (EU) after Spain and accounts for approximately one-quarter of the EU-28 olive acreage.
Italy is suffering from a severe summer drought caused by low rainfall (80 percent below average in the first half of 2017) and exceptionally high temperatures for most of the year.