Fishmeal will become high in demand and short in supply, according to a report by Dutch lender Rabobank. The price of the processed product, made mainly from the bones and offal of pelagic species such as anchovy or mackerel, has risen dramatically. Seafood analyst Gorjan Nikolik expects it to be classed increasingly as a “strategic ingredient”, with use limited to areas of functional importance.
The number of wild pelagic species has declined significantly in native areas of Peru and Chile. Increased direct human consumption of these species will cause further price hikes, increasing the pressure on the aquaculture industry. In Latin America, Asia and Africa, these species are the cheapest form of protein available, often sold to end consumers for as little as $0.20 per kilo.
The aquaculture industry may need to seek an alternative feed source. The obvious choice is soymeal; however, some innovations have included making feed from Methane gas.