A report from the Shifting Markets Foundation has discovered links between a number of the world’s leading markets and prohibited, unsustainable fishing operations.
A brand new report, researched between May and July 2019, from the Dutch-based Shifting Markets Foundation, has discovered links between a number of the world’s leading markets and prohibited, unsustainable fishing operations.
It finds the spike in popularity of fish (like salmon and prawns) from the Western diet is causing fish stocks to fall and carrying a important source of protein from several of the world’s poorest communities, as a result of aquaculture sector’s reliance on FMFO for fish feed.
Many goods are labelled on marine ecosystems regardless of the FMFO industry’s effect. The analysis also discovered that while retailers accept assurances in the FMFO trade body The Marine Ingredients Organisation (IFFO) about supply chain agility in face value, heaps of IFFO associates and accredited businesses are connected to unsustainable and illegal fishing practices.
“Shoppers throughout the planet are entirely unaware that the fish they’re purchasing has a dark mystery.
“Climate change has destabilising our food system and that’s being overrun by the FMFO business, which will take everything and anything from the sea to satisfy demand from the developing aquaculture industry.
“These practices aren’t just ruining vulnerable marine ecosystems, but can also be causing huge social problems, as communities which have been reliant upon the sea for meals for generations are getting their livelihoods ruined and their accessibility to a very important source of protein compromised.”
The report highlights the certification criterion for its FMFO sector (IFFO RS) is a”sustainability smokescreen”, together with IFFO concurrently working since the FMFO industry trade association, representing the interests of this industry by encouraging the usage of FMFO and lobbying to shield the business. Hurley continued:”IFFO is completely unfit to function as a certificate body since it was put up to defend the interests of the sector it’s intended to oversee. This is a very clear conflict of interest”
Demand for fish is outpacing demand for meat, and is thought to be growing faster than the inhabitants. Aquaculture accounts for roughly half of fish ingestion, also is projected to grow farther species are predicted to account .
Changing market has raised concerns regarding the long-term impact the industry’s reliance on FMFO might have:”If aquafeed businesses don’t move quicker to supply genuinely sustainable options they’ll face serious financial implications that could substantially change the predicted growth for the business and people dependent upon it”, said Hurley.
“The issue iswhat comes first — that the meltdown of natural ecosystems or the meltdown of this financial sector that’s responsible for the issue?”