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This report focuses on pelagic species catch volumes for reduction. This report analyses the activity on the market, the prices and stocks of fishmeal in South America and key markets. There is a special section for fish oil.
Fishmeal
Catches
Norway
Through week 40, 579,042 tonnes of fish were destined for reduction at an average price of NOK 2.90/kg, down 16% on those destined for such purpose during the same period in the previous year.
Table 1: Catch volumes destined for fishmeal and fish oil production, Norway, 2018/2019, in tonnes
Species
|
Tonnes 2019
|
Tonnes 2018
|
Variation %
|
Herring
|
54,143
|
45,279
|
+20%
|
Blue whiting
|
346,846
|
452,112
|
-23%
|
Sandlance
|
7,725
|
12,187
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-37%
|
Capelin
|
0
|
97,305
|
-100%
|
Small sandeel
|
124,509
|
68,548
|
+82%
|
Norway pout
|
39,821
|
13,294
|
+200%
|
Others
|
5,998
|
4,370
|
+37%
|
Total
|
579,042
|
693,095
|
-16%
|
Source: Norges Sildesalgslag
Prices and markets
China
Due to the long holiday in China we will pick up the information next week.
Table 2: Average price of fishmeal at the main Chinese ports 2019, in RMB/t
Quality
|
Price (RMB/t)
|
Week 39
|
Week 38
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FAQ 65%
|
9,000
|
9,200
|
SD 68%
|
9,900
|
9,950
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Source: FIS.com
Graph 1: Weekly average prices of fish meal FAQ in the main ports of China, 2015/2019, in RMB/t
Source: FIS.com
Graph 2: Average weekly prices of SD fishmeal in the main ports of China, 2015/2019, in RMB/t
Source: FIS.com
Graph 3: Evolution of the weekly average prices of fishmeal in the main ports of China, 2015/2019, in RMB/t
Source: FIS.com
Table 3: Price of white fishmeal, RMB/t, 2019
Quality
|
Origin
|
Price (RMB/t)
|
Week 39
|
Week 38
|
65-66%, produced on board
|
USA
|
13,000
|
13,500
|
58-60%,
|
Russia
|
10,600
|
10,600
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Source: FIS.com
Peru
The market was quite calm, due to the holiday in China and the expectation for the evaluation of the resource for the next season.
Table 4: Average prices of Peruvian fishmeal, in USD/t FOB, 2019
Quality
|
Average FOB price USD/t
|
Week 41
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Week 40
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SD 68/10/10/4(1)/120/7.5/500
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1,300
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1,300
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SD 67/10/10/5(2)/120/10/1000
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1,250
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1,250
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SD 67/10/10/5(2)/120/10
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1,200
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1,200
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SD 67/10/10/5(2)/150/10
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1,150
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1,150
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FAQ 66/12/10/5/2
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1,090
|
1,090
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FAQ 65
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1,040
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1,040
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Source: FIS.com
Other origins
Chilean 67% fishmeal is at USD 1,520 and that produced in Iceland, 70%, at USD 1,780, both FOB Germany.
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Fish oil
Peru
Raw fish oil is at USD 1,850/t.
Table 5: Prices of fishoil, Peru, 2019, in USD/t
Oil
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Packaging
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Incoterm
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Week 41
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Week 40
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Fish oil, raw
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Bulk
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FOB PI Peru
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1,850
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1,850
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Fish oil, raw
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Barrels, FCL
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FOB PI Peru
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1,900
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1,900
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Fish oil, raw
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Flexitank, FCL
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FOB PI Peru
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2,000
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2,000
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Fish oil, omega 3 guaranteed (28% EPA/DPA)
|
|
FOB PI Peru
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2,200
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2,200
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Source: FIS.com
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By DGA
www.fis.com
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