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Pioneer Fishing (ZA) fish meal

Weekly movements of fishmeal and fish oil (Norway, China, Peru)

WORLDWIDE
Monday, November 11, 2019, 01:40 (GMT + 9)

FISH MEAL

Norway

Through week 43, 591,138 tonnes of fish were destined for reduction at an average price of NOK 2.91/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

56,147

45,498

+23%

Blue whiting

348,606

453,341

-23%

Sandlance

7,725

12,973

-40%

Capelin

2

97,305

-100%

Small sandeel

124,509

68,548

+82%

Norway pout

46,878

16,166

+190%

Others

7,271

5,333

+36%

Total

591,138

699,164

-15%

Source: Norges Sildesalgslag/FIS.com

Prices and markets

China

At the beginning of week 45, inventories registered 205,000 tonnes. Volumes leaving the warehouses amounted to almost 33,000 tonnes during the previous week.

Table 2: Average price of fishmeal at the main Chinese ports 2019, in RMB/t

Quality

Price (RMB/t)

Week 43

Week 43

FAQ 65%

9,150

9,150

SD 68%

10,000

10,000

Source: FIS.com

Graph 1: Weekly average prices of fish meal FAQ in the main ports of China, 2015/2019, in RMB/t

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

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

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 43

Week 42

65-66%, produced on board

USA

13,300

13,200

58-60%,

Russia

10,600

10,600

Source: FIS.com

Peru

Table 4: Average prices of Peruvian fishmeal, in USD/t FOB, 2019

Quality

Average FOB price USD/t

Week 44

Week 43

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

1,300

1,300

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

1,250

1,250

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

1,200

1,200

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

1,150

1,150

FAQ 66/12/10/5/2

1,090

1,090

FAQ 65

1,040

1,040

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.

 

FISH OIL

Peru

Raw fish oil is at USD 1,850/t.

Table 5: Prices of fishoil, Peru, 2019, in USD/t

Oil

Packaging

Incoterm

Week 44

Week 43

Fish oil, raw

Bulk

FOB PI Peru

1,850

1,850

Fish oil, raw

Barrels, FCL

FOB PI Peru

1,900

1,900

Fish oil, raw

Flexitank, FCL

FOB PI Peru

2,000

2,000

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

 

FOB PI Peru

2,200

2,200

Source: FIS.com

editorial@fis.com
www.fis.com


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