Disposition
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FISHMEAL AND FISH OIL - PROCESSING AND MARKETSFishmeal and fishoil constituted 10% of the value of seafood exports from Iceland in 2005. Fishmeal is primarily used as a protein source in animal feeds and fish oil is mainly used as an energy source in fish feeds. There is a growing international market for fishmeal and oil due to the increase in aquaculture world-wide and new markets, such as the pet food market, that are emerging. In 2005, Iceland produced 3% of the world's fish meal and 6% of the world's fish oil. It is clear that some fish stocks are more suitable for industrial processing for fishmeal and oil than for processing directly into human food. Utilization of some species for human food may be limited by economic considerations, such as the cost of processing compared to the product value on the market. This applies especially to some pelagic species, such as capelin (Mallotus villosus) and blue whiting (Micromesistius poutassou) and to a lesser extent to herring (Clupea harengus). Management of pelagic fisheries is, nevertheless, subject to exactly the same rules as in other fisheries, i.e. individual vessel quotas allocated within a total allowable catch that is based on scientific assessment . In fact, the pelagic fisheries were the first to have been controlled in this way and often more strictly than other fisheries. Capelin, herring and blue whiting are the most important stocks used for fishmeal and oil processing and they provide over 95% of the value of meal and oil products. There are 15 fishmeal and oil factories in Iceland and many of them very modern and highly automated. All the factories are located on the coast and refrigerated boats are increasingly used to keep fish as fresh as possible. They are supplied by purse seiners using conventional nets and pelagic trawls. Mesh size of gear is controlled by legislation. Fishmeal also provides a valuable outlet to recycle trimmings from the food fish processing sector which would otherwise be dumped at considerable cost to the environment.
Fishmeal and oil production Fishmeal and fish oil are produced by a continuous process which involves cooking, pressing, drying and milling. Fishmeal factories use raw material fully. The following summary is a step by step guide to the production process.
Markets Markets for fishmeal products are primarily in European countries, such as the UK, Denmark, Norway and Ireland but also in North America. The meal is included in feeds for land animals as well as for aquacultural feeds. Markets for fish oil are primarily in Norway and other European countries.
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