Global fishmeal supply is expected to slip by just under three percent in 2022, dragged down by reduced harvests in Latin America and Asia, the Marine Ingredients Organisation (IFFO) forecasts.

On average, fishmeal production was around five million metric tons over the past five to 10 years, based on IFFO numbers.

This year IFFO expects the figure won't stray far from the average, in the region of 4.83 million metric tons, down from 4.97 million metric tons in 2021, IFFO Market Research Director Enrico Bachis said during a presentation at the North Atlantic Seafood Forum in Bergen, Norway last week.