NEWS 96 FEED & ADDITIVE MAGAZINE February 2024 Colby Dennis, Saint Joseph, Missouri, was recognized as an outstanding young leader in the feed industry at a recent conference. Dennis is the cost accounting administrator at BioZyme® Inc., where he has worked since 2021. “The goal of the IPPE Young Leaders Under 30 Award is to celebrate, engage, and invest in the next generation of young professionals and their status as up-and-coming leaders in their companies. BioZyme believes the future of our company and our industry rests on the shoulders of these young people. Nominating Colby Dennis for this recognition was a no-brainer, as he is and will continue to be an up-and-coming leader in our company and industry. He deserves recognition for the amazing work he has done and will continue to do inside our company,” said Lisa Norton, BioZyme president and CEO. The International Production & Processing Expo (IPPE), produced by the American Feed Industry Association (AFIA), the Meat Institute, and the U.S. Poultry & Egg Association (USPOULTRY), is in its 12th year of recognizing the IPPE Young Leaders Under 30 Award. The program exposes these young leaders to the latest industry technology and also allows them to attend valuable educational programs to assist in their leadership development. Dennis attended the IPPE event and received recognition during a special ceremony the last week of January. Read more>> BioZyme’s Colby Dennis earns Young Leader Award According to a new Rabobank report, the global salmon industry will continue to be the most profitable aquaculture sector. The shrimp industry is struggling to stabilize amid oversupply, low prices, and weak Chinese import demand. Global fish meal supply is expected to improve, given weakening El Niño conditions, and prices should normalize. In 2023, the shrimp farming industry faced one of the most challenging years for more than a decade. Weak shrimp demand in the West, combined with persistently strong supply from Ecuador, created price levels even lower than the lowest point in the pandemic (2H 2020), while costs remained elevated due to high feed prices. According to Gorjan Nikolik, Senior Global Seafood Specialist at Rabobank, “normalizing salmon supply and likely better fish meal and fish oil production will soften prices in 2024, but only marginally, establishing a new higher price normal. For shrimp, the current low prices may also become the new normal.” Fish meal is expected to see much better supply as the effects of El Niño in Peru are receding, although risks remain. Fish meal demand remains good, but it is likely to be influenced by the lower prices of vegetable alternatives. The salmon industry will again be the most profitable sector in the first half of 2024, with high prices and marginally lower feed and biological costs supporting strong farmer profitability. However, biological challenges remain the main risk factor. “Relative to the first half of 2023, supply will be boosted by likely better biological conditions in Norway, Canada, the UK, Faroe and Iceland,” says Nikolik. “Chile, however, is a risk factor. Part of the lower supply expectation is due to legislation at the company level.” Read more>> Rabobank: Salmon industry to be most profitable aquaculture sector
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