Knowledge makes the difference

Transcription

1 You become what you eat. Feeds for productive and healthy fish and healthy consumers Einar Wathne, Deputy COO EWOS DAY ZERO March 6 - Marine Innovation Seminar/ NASF 2012 Knowledge makes the difference

2 Approach Introduction to EWOS Productivity and feed Healthy fish Healthy consumers Outlook

3 EWOS in a Nutshell A world leader in fish nutrition Established in Norway, UK, Chile, Canada and Vietnam 897 employees 7 factories 22 feed production lines 36 % share of the world salmon feed market (>2.9m tonnes) 1,081,400 tonnes feed sales in % owned by Cermaq ASA 3

4 Feed Sales (tonnes) Feed sales volumes since 1980 Compound growth >18% per year EWOS NorAqua /FK

5 Kilo feed per kilo fish produced 1000 ton FCR reduction, the trend of the -80 ies and -90 ies ,5 FCR Production , , Source: Ragnar Tveterås, University of Stavanger

6 Marine ingredients (%) Raw material changes, the trend of the last decade Fishmeal Fish Oil

7 Continuous feed price reduction over 25 years NOK pr. kg feed 16,0 14,0 12,0 10,0 8,0 6,0 4,0 Prices fishfeed The rate of price reduction is declining Feed price (nominal prices) Feed price (inflation adjusted prices) Base year 2009 Innovation and adaptation to new raw materials is a prerequisite for continued reduction in real terms

8 NOK/kg The sum is a significant reduction in cost of production for salmon Source: Ragnar Tveterås, University of Stavanger

9 Recent years focus has been high growth performance feeds and adaptation to regulatory regimes grams 4 weeks

10 What is the value of growth? Our model use following input parameters Production parameters (feed dependent) Growth rate and size distribution Production time Mortality Feed conversion ratio (FCR) Economical parameters Smolt cost Feed cost Salmon price per size interval Cost of transport, slaughting & packing Capital interests capital cost Other variable costs Fixed costs 10

11 Recent years focus has been high growth performance feeds and adaptation to regulatory regimes grams 4 weeks Salmon price pr kg Add-on EWOS opal 120 Difference ( ) Increased margins pr kg 30,00 kr 0,33 kr kr 1,49 kr Salmon price pr kg 30,00 kr Add-on EWOS opal 120 4,50 % Increased margins pr kg 11,80 %

12 At low salmon prices; will functional grower feeds still be more beneficial than standard feeds? Currently many salmon farms see productions costs about 25 NOK/kg Benefit of increasing production volume by using functional grower feeds is maintained for prices far below break even costs (25-13 NOK/kg), as higher sales volumes increases the cash flow to cover fixed costs 12

13 % Mortality Functional feeds, the most innovative segment in the feed sector Functional diets can increase survival This may be >60% compared to control diets Well recognised in human and animal medicine Dietary control used in pancreatitis Used increasingly in aquaculture Survival of fish challenged with virus: Infectious Salmon Anaemia ISA. Differences in survival are due to changes in key nutrients Diets

14 What is availible? Nucleotides Immunostimulant Anti-attachment Prebiosal Optimize feed ingredients based on life-phase and healthstatus

15 EWOS health diets 2012 Functional feeds are availible if necessary during the entire production cycle Transfer Preventive Medicated delousing Disease Recovery Virustiter Time

16 Public health and fish diets The role of fish diets and CHD, Coronary Heart Disease in Humans an overview based on two recent Norwegian public reports and recommendations 1). National recommendations for individual primary prevention of Coronary Heart Disease Norwegian Health Directorate, issued 04/2009, p ). Fish and seafood consumption in Norway. Benefits and risks. Norwegian Scientific Committee for Food Safety, issued 03/2006, p

17 Health benefits of eating oily fish are well documented Demand for EPA/DHA is running ahead of available supply from wild fish sources Alternatives (krill, algae, calanus) are presently only available in small volumes 6.6mt Farmed salmon (wfe) (efcr 1.3:1) Salmon farming is an efficient way to make these valuable resources available for humans 2.7 mt 40% non-fillet part of salmon 52kt Of retained EPA+DHA in non-fillet part 26% retention 92kt EPA+DHA lost 46% loss 4.0mt 60% fillet part of salmon 56kt Of retained EPA+DHA in fillet 28% retention We have to optimise our use of this limited resource Salmon has a high retention of omega 3 and by-products are recycled The practise of refining oil for capsules is, in contrast, very in-efficient Good for 589m people 8.4% of the world population (ISSFAL advice: 183g EPA+DHA/year)

18 Including salmon byproduct if all available fish oil (200kt EPA+DHA) was used for salmon farming 6.6mt Farmed salmon (wfe) (efcr 1.3:1) 2.7 mt 40% non-fillet part of salmon 4.0mt 60% fillet part of salmon 52kt Of retained EPA+DHA in non-fillet part 26% retention 92kt EPA+DHA lost 46% loss 56kt Of retained EPA+DHA in fillet 28% retention Good for 589m people 8.4% of the world population (ISSFAL advice: 183g EPA+DHA/year) Source: EWOS Innovation

19 And more recently, exciting news.

20 But not all understand the context..

21 Thank you for your attention Knowledge makes the difference EWOS 2011