Small Pelagics Purse Seine FIP Team Attends IFFO Annual Conference 2024 in Lisbon, Portugal
By 
Lisbon, Portugal, 21-23 October 2024 – Representatives from Yashaswi Fish Meal and Fish Oil Company team, together with FIP consultants Dr. Nimnual Piewthongngam and Ms. Mod Talawat, joined industry professionals at the IFFO Annual Conference 2024. This event, organized by the International Fishmeal and Fish Oil Organization (IFFO), gathered global experts in the marine ingredients sector to explore innovations, sustainability practices, and future directions for fishmeal and fish oil production. Held in Lisbon, the conference was a dynamic forum for professionals worldwide to discuss the latest advancements and foster partnerships for sustainable marine ingredient production.
Industry Insights: Navigating Supply and Demand Dynamics
The conference unfolded over three days, each focused on key themes essential to the industry’s growth and sustainability:
- Day 1: Discussions centered on the outlook for feed ingredients, emphasizing the trends shaping future demands and resource utilization.
- Day 2: This day focused on the supply side dynamics, exploring the global marine ingredient supply and regional updates from West Africa, Europe, India, Chile, and Peru. Presentations analyzed trends affecting these regions and highlighted the challenges and opportunities within the supply chain.
- Day 3: The conference wrapped up by addressing demand-side challenges and opportunities, considering both animal farming applications and the implications for human health.
This comprehensive approach provided participants with a nuanced understanding of market trends, opportunities for growth, and challenges to sustainable sourcing.
FIP Team Engagement: Certification and Fisheries Management
The Yashaswi Small Pelagic Purse Seine FIP team participated in two pivotal side events:
- “Certification – More Than Market Access,” organized by MarinTrust. This session illustrated how certification not only opens markets but also enhances reputations, mitigates risks, and promotes responsibly sourced marine ingredients. Insights were provided by representatives from the Global Sustainable Seafood Initiative (GSSI), BioMar Group, Global Dialogue on Seafood Traceability, and FoodCorp Chile S.A.
- “How Can Fisheries Management and Viable Value Chains Contribute to Improved Food Security?” This event, organized by the Global Roundtable on Marine Ingredients, examined the role of sound fisheries management in promoting food security. Presentations covered the Sustainable Fisheries Partnership (SFP), Fisheries Transparency Initiative (FiTI), and the Global Roundtable on Marine Ingredients. Additional insights came from industry players like Cargill Aqua Nutrition and Finance Earth, who discussed collaborative efforts to improve fishery management in Mauritania. SFP’s Tool Kit was also introduced, offering practical guidance for effective fisheries management.
These sessions equipped the Yashaswi team with valuable knowledge and tools to support their ongoing FIP implementation, highlighting the importance of certification, transparency, and effective fisheries management.
Dr. Nimnual Piewthongngam with the CEO of Marine Trust Mr Francisco Aldon
Strengthening the Commitment to Sustainable Marine Ingredients
Attending the IFFO Annual Conference allowed the Yashaswi Fish Meal and Fish Oil team to gain invaluable insights and forge key connections within the industry. The event underscored their commitment to sustainable fisheries management and responsible marine ingredient production, aligning with the latest global standards and industry best practices. Engaging with thought leaders and innovators provided the team with actionable ideas to further their mission, helping them advance sustainable practices across the supply chain.
By participating in this prestigious conference, Yashaswi Fish Meal and Fish Oil Company reaffirmed its dedication to sustainable fisheries, ensuring that it remains at the forefront of responsible sourcing and environmental stewardship in the marine ingredients sector.
