The marine ingredients industry’s interplay between fisheries and aquaculture -- based in one industry to feed another -- presents challenges unseen in other parts of the supply chain.
While inextricably linked, they are two very different sectors. Fishing for anchovies -- the mainstay of fishmeal production -- is a well-established and massive business but comes with the drag of bureaucracy, radically uncertain supply and politics.
Modern aquaculture, by contrast, is in its youth, and while exposed to all the political hesitancy that comes with a new industry, it is nimbler than the fishmeal sector that supplies it.
But
