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Fish Meal

 
Report Date: Tuesday, May 29, 2018
 
 
 

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.

INDEX

 

Fishmeal

Fish oil

 

 

Fishmeal

Catch volumes

Norway

Through week 20, they destined 527,103 tonnes of fish for reduction at an average price of NOK 2.21/kg, up 22% 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, 2017/2018, in tonne
s

Species

Tonnes 2018

Tonnes 2017

Variation %

Herring

398

383

+4%

Blue whiting

420,771

366,072

+15%

Sandlance

216

0

-

Capelin

97,305

6,332

+1,437%

Small sandeel

7,928

58,468

-86%

Norway pout

457

713

-36%

Others

28

365

-92%

Total

527,103

432,333

+22%

Source: Norges Sildesalgslag

Prices and markets

China

At the beginning of week 21 in 2018, inventories registered 133,000 tonnes. Volumes leaving the warehouses amounted to only 14,000 tonnes during the previous week.

T Table 2: Average prices for fishmeal at
the main Chinese ports, 2018, in
RMB/t

Quality

Price (RMB/t)

Week 20

Week 19

FAQ 65%

10,200

10,550

SD 68%

11,950

12,100

Source: FIS.com

Graph 1: Average weekly prices of FAQ fishmeal at
the main Chinese ports, 2014/2018, in
RMB/t

Source: FIS.com

Graph 2: Average weekly prices of SD fishmeal at
the main Chinese ports, 2014/2018, in
RMB

Graph 3: Evolution of weekly average prices of fishmeal at
the main Chinese ports, 2014/2018, in
RMB/t

Source: FIS.com

Table 3: Price of white fishmeal, RMB/t, 2018

Quality

Origin

Price (RMB/t) Week 20

Price (RMB/t) Week 19

65-66%, produced on board

USA

13,700

13,700

58-60%,

Russia

11,700

11,700

Source: FIS.com

Peru

At the end of week 21, catch volumes continue at a good pace and they expect to fulfill the quota. Prices are stable. However, as seen in the section about China, prices there have been declining for some weeks, more in lower grades.

Table 4: Average prices of Peruvian fishmeal in USD/t FOB, 2018

Quality

Average FOB price in USD/t

Week 21

Week 20

SD 68/10/10/4(1)/120/7.5/500

1,550

1,550

SD 67/10/10/5(2)/120/10/1000

1,500

1,500

SD 67/10/10/5(2)/120/10

1,450

1,450

SD 67/10/10/5(2)/150/10

1,400

1,400

FAQ 67/12/10/5(2)/120/10/1000

1,300

1,300

FAQ 66/12/10/5/2

1,250

1,250

FAQ 65

1,220

1,220

Source: FIS.com

Other origins

Chilean 67% fishmeal is at USD 1,525, and that produced in Iceland, 70%, at USD 1,685, both FOB Germany.

Back to Index

Fish oil

Peru

Raw fish oil is at about USD 1.350/t.

Table 5: Prices of fishoil, Peru, 2018, in USD/t

Oil

Packaging

Incoterm

Week 21

Week 20

Fishoil, raw, without omega 3 guaranteed

Bulk

FOB PI Peru

1,350

1,350

Fishoil, raw, without omega 3 guaranteed

Barrels, FCL

FOB PI Peru

1,450

1,450

Fishoil, raw, without omega 3 guaranteed

Flexitank, FCL

FOB PI Peru

1,550

1,550

Fish oil, omega 3 guaranteed (28% EPA/DPA)

 

FOB PI Peru

1,700

1,700

Source: FIS.com

Back to Index

By DGA

www.fis.com


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