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A Portuguese research project reports that proteins derived from processing waste supported normal growth in European seabass and improved iron absorption in feeding trials.

Even so, The Marine Ingredients Organisation spoke of a "positive trend" for global marine ingredients production last year.

In the case of fish oil, The Marine Ingredients Organisation forecasts production will reach 1.2 million tons.

While total cumulative annual fishmeal production increased by approximately 8%, fish oil production recorded a year-on-year increase of around 4%.

Rabobank warns that this phenomenon will lead to greater price volatility and the establishment of higher benchmarks during future supply shocks.

IFFO, The Marine Ingredients Organisation, said production of both fishmeal and fish oil is on track, and therefore maintains its annual forecast.