Saving Seafood

Climate-driven disruption, constrained supply adding volatility to aquaculture markets in the back half of 2026

August 7, 2026 — Global aquaculture firms and the wider value chain entered the second half of 2026 facing a difficult combination of constrained supply, rising feed costs, climate uncertainty, and uneven consumer demand, according to Rabobank’s latest Global Aquaculture Update.

After weathering several major disruptions over the past decade, the industry has now entered a phase in which climate change, tightening feed ingredient supplies, and geopolitical uncertainty are reshaping global seafood markets, Rabobank Seafood Analyst Novel Sharma told SeafoodSource, explaining the industry should plan for continual uncertainty rather than treat each challenge as an isolated disruption.

Read the full article at SeafoodSource

Public will get to weigh in on proposed changes to Chesapeake Bay menhaden harvest

August 7, 2026 — Officials who regulate the Atlantic menhaden industry have debated in recent years how to balance the historic fishery in the Chesapeake Bay with growing concerns about the ecosystem.

On Wednesday, they took their latest step. The Menhaden Board of the Atlantic States Marine Fisheries Commission advanced a document for public comment with potential changes to harvesting menhaden in the bay.

The commission helps manage fisheries along the East Coast, including 15 states from Florida to Maine.

The proposal outlines options for cutting the amount of menhaden the industry can catch by up to 50% and spreading the harvest more evenly throughout the season.

Ocean Harvesters, the company that harvests menhaden in the bay, said in a statement that the proposal is “a solution in search of a problem.”

“The addendum assembles observations, uncertainties and hypotheticals but never demonstrates that Chesapeake Bay menhaden availability has declined because of the reduction fishery or that the proposed measures would produce any biological benefit,” the company stated.

Ocean Harvesters, which operates a fishing fleet to supply Omega Protein, harvests up to 51,000 metric tons of menhaden in the bay each year using large walls of netting called purse seines. Omega processes, or “reduces,” them into fishmeal and fish oil at a plant in Reedville.

Environmentalists and sportfishers believe purse seines are removing too many menhaden, affecting species that rely on them, such as striped bass and osprey. They want the reduction industry to be banned from the bay or more heavily restricted.

The public comment period will run through September and October, with the board meeting again in November to consider final approval, according to the commission’s website.

Read the full article at WHRO

Editorial: Menhaden study should provide data needed for bay management

July 10, 2026 — Menhaden may be a relatively small fish but they have an outsized presence in ongoing debates about the health of the Chesapeake Bay. The menhaden industry and environmental groups have sparred for years over what constitutes sustainable fishing and how the annual catch affects the critical ecosystem on which so much depends.

By including $2 million in the recently approved state budget for a neutral and clear-eyed study of menhaden, Virginia lawmakers hope to provide the data needed to chart a thoughtful path forward. This is long overdue, and both sides of the debate are right to celebrate this important step by the commonwealth.

Prized for their energy-rich oil, Atlantic menhaden play a central role in the Chesapeake ecosystem, as they have done since long before Europeans settlers arrived here centuries ago. They eat plankton and small plants that improve the water quality while also serving as a primary food source for other bay animal and marine life, from striped bass to ospreys to whales.

Read the full article at The Virginian Pilot 

El Niño is here, and it’s already scrambling fisheries throughout the Pacific

July 8, 2026 — We’re not even one month into “super” El Niño, the natural Pacific weather pattern characterized by warmer than average sea surface temperatures, and fisheries around the world are already getting scrambled.

In Peru, government officials have effectively canceled the fishing season for anchovies, one of the country’s most important exports and a leading source of fish oil and animal feed globally. The Indian government is preparing for a season of smaller, less plentiful Indian mackerel. Meanwhile, in Southern California, recreational and commercial fishers have reported some of the most successful months of tuna fishing they’ve ever seen.

Read the full article at Grist

IFFO statistics find fishmeal, fish oil production slowed in January and February

March 30, 2026 — A new report conducted by IFFO – the Marine Ingredients Organization indicates global fishmeal and fish oil production slowed in January and February 2026.

The analysis – which IFFO performs monthly using data from its member companies – found most countries it analyzed produced less fishmeal and fish oil compared to the prior year, with only a few exceptions – mainly the “Norway/Denmark” region and the United States.

Read the full article at SeafoodSource

Upcoming fishmeal, fish oil shortages will require swift industry action, Rabobank warns

September 29, 2025 — The global aquaculture sector is heading toward a critical feed supply shortage, with shortages of fishmeal projected as early as 2028 and fish oil scarcity expected to intensify throughout the decade, according to a new RaboResearch report from Rabobank.

Compiled by RaboResearch Seafood Analyst Novel Sharma, the study, titled “Hooked on scarcity: Navigating aquafeed nutrition amid looming marine ingredients shortages,” warns that rising demand for high-value aquaculture species, coupled with stagnant marine ingredient supplies and climate-driven volatility, could destabilize one of the world’s fastest-growing food sectors.

Read the full article at SeafoodSource

IFFO surveys find global fishmeal, fish oil production has increased so far in 2025

September 8, 2025 — The latest statistics gathered by IFFO – the Marine Ingredients Organization indicates global fishmeal and fish oil production through July 2025 is ahead of global production in the same period of 2024.

According to IFFO – which gathers survey data from members in Chile, Denmark, the Faroe Islands, Iceland, Côte d’Ivoire, Mauritius, Norway, the U.K., the U.S., Peru, South Africa, and Spain – global production of fishmeal through July 2025 is roughly 8 percent ahead of the same period of 2024. Fish oil production is also ahead of last year and has increased by around 5 percent.

Read the full article at SeafoodSource

Cooke Enters Into Agreement for the Acquisition of Copeinca

November 7, 2024 — The following was released by Cooke Inc.:

Cooke Inc. (“Cooke”) and PF Cayman New Holdco Limited have executed a binding share purchase agreement under which a wholly-owned subsidiary of Cooke will indirectly acquire all the outstanding shares of Corporación Pesquera Inca S.A.C. (“Copeinca”) of Peru — one of the world’s largest fishmeal and fish oil producers and exporters.

Copeinca was established in 1994 and has grown to become Peru’s largest fishing company with 2,770 employees, 45 vessels and 8 processing plants that span the north and center coastline of Peru. Copeinca holds the largest anchoveta (Enaraulis ringens) quota in Peru at 15.9% and processes approximately 21% of the country’s total catch for annual production of approximately 200,000 MT of fishmeal and 23,000 MT of fish oil.

Upon completion of the acquisition, Cooke will strengthen its growing marine ingredients business and diversify its geographic and species portfolio.

“There is tremendous compatibility between Cooke and Copeinca, and we’re excited to welcome Copeinca’s dedicated employees to the Cooke family of companies,” said Glenn Cooke, CEO of Cooke. “High quality fishmeal and fish oil are essential animal and human nutritional ingredients. They ensure a safe and wholesome feed supply for the growth and care of animals in several farming groups, including aquaculture. We believe Copeinca will be a major contributor in furthering Cooke’s growth as a leader strengthening global food security.”

Copeinca holds numerous industry certifications that reflect its commitment to food security, health and safety, and environmental sustainability including MarinTrust, Friend of the Sea, ISO 14001, ABE, BASC, GMP+, and HACCP.

“Copeinca and Cooke share a people centric culture focused on building up working waterfronts in rural coastal communities through sustainable fish harvesting and responsible processing. Cooke’s strategic agility and vertically integrated operations will enable Copeinca to remain competitive in an evolving global export market,” said Jose Miguel Tirado, CEO of Copeinca. “Our Peruvian company is thrilled to join the Cooke family of companies. Peru and Canada have a very strong and growing trade and investment relationship thanks to active collaboration between governments under the Canada-Peru Free Trade Agreement.

Cooke entered the marine ingredients sector in 2017 with its acquisition of US-based Omega Protein Corporation, a nutritional product company and a leading integrated provider of specialty oils and specialty protein products.

Peru is the second largest export market for Canada in Central and South America, and Canada is the fourth most important export market for Peru in the world.

The acquisition is subject to customary closing conditions and is expected to close in November.

Deutsche Bank Securities Inc. acted as lead financial advisor to Copeinca, together with Antarctica Advisors International Corp.

About the Cooke family of companies:
Cooke Aquaculture Inc. was established in 1985 by the Cooke family in New Brunswick, Canada. From humble beginnings of one farm site and 5,000 salmon, Cooke Inc. is the largest private family-owned seafood company in the world employing 13,000 people worldwide. The Cooke family of companies operate global aquaculture and wild fishery divisions in 14 countries providing a sustainable seafood source reaching tables all over the world. Cooke’s core purpose is to ‘cultivate the ocean with care, nourish the world, provide for our families, and build stronger communities.

Drop in fish oil production causing aquaculture bottleneck

April 10, 2023 — Despite inflation, raw material prices, logistics costs, and other inputs all increasing significantly in 2022, the aquaculture feed industry increased its production at between 2 and 3 percent in all key supply regions. This was also achieved despite a slight decrease in the year’s total animal feed supply at less than 1.27 billion metric tons (MT), according to Norwegian independent commodity broker Holtermann.

While these financial impacts have continued into 2023, there’s one challenge that stands to have a much greater impact than all the others: the production of EPA and DHA – or eicosapentaenoic and docosahexaenoic acids, Holtermann CEO Christian Meinich said at the 2023 edition of the North Atlantic Seafood Forum (NASF).

Read the full article at SeafoodSource

IFFO, SFP convene roundtable to improve sustainability of global fishmeal, fish oil sector

June 29, 2022 — Amidst the backdrop of continuing growth in global demand for fishmeal and fish oil products, IFFO, the international trade body that represents the marine ingredients industry, and the Sustainable Fisheries Partnership are advancing the sustainability of the sector through a pre-competitive platform that has engagement from across the sustainable seafood movement.

At the 2022 North Atlantic Seafood Forum in Bergen, Norway, on 22 June, stakeholders from the various groups involved with the Global Roundtable on Marine Ingredients – which include Olvea, BioMar, Cargill, Skretting, the Aquaculture Stewardship Council, Marin Trust, the Global Seafood Alliance, Nestlé, the Federation of European Aquaculture Producers, and the recently added Marine Stewardship Council – gave an update on the progress the roundtable has made since it was formed in October 2021.

Read the full story at SeafoodSource