US feedstuffs handler, Scoular, is establishing a ‘value-add’ fishmeal facility in Myanmar that it says will supply customers in Asia with consistent quality and just-in-time delivery.
“We expect to commission the facility in July 2021,” a spokesperson for the Omaha, Nebraska headquartered company told us.
In terms of the capacity the new fishmeal facility will have when operational, the Scoular representative said the site will process 30,000 MT per year. “It is purpose built for quality control and redistribution and will meet or exceed all international standards,” she added.
The company has been selling to Asian food and feed customers for more than 25 years and is a leading supplier of soybeans to the region and fishmeal worldwide.
In 2019, the company, which reports more than US$4.6bn in sales, hired former ADM executive, Adrian Gasparian, to lead its Asia expansion. It has been building a trade team in Singapore to support intra-Asia trading for Scoular’s food and feed ingredients.
Recent months also saw the US company launch a feedstuffs distribution business regionally in Indonesia and Myanmar to provide customers with just-in-time inventory and local delivery options. “Most of the products that we sell will eventually be available through our distribution programs. We believe there is additional demand for reliable, quality controlled, local distribution that our customers can depend on without shipping and documentation delays.”
Data shows boost in global fishmeal output
Separately, the latest IFFO analysis shows a 30% improvement in the fishmeal and fish oil global output in March 2021 compared to the same month last year.
The total cumulative productions of the countries considered in IFFO’s market report through the first quarter 2021 were higher year on year: fishmeal was up by 60%, and fish oil saw a jump of 83%.
Peru and Chile were the only areas where the March performance was superior to the average of the previous five-years for the same month. Yet, this was sufficient to produce an almost 30% improvement in the overall activities of March 2021 compared to March 2020, said the marine ingredients organization.
Denmark showed a year-on-year increase in the supply of fish oil over this same period, according to the IFFO data.
China’s fishmeal production remained poor in April, found the analysis.