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Photo: Austral Group ASA (Peru)

Weekly movements of fishmeal and fish oil (Norway, China, Peru) - W45

WORLDWIDE
Friday, November 15, 2019, 07:10 (GMT + 9)

Fishmeal

Norway

Through week 45,  607,548 tonnes of fish were destined for reduction at an average price of NOK 2.92 /kg, down 14% 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

65,388

51,471

+27%

Blue whiting

349,037

453,537

-23%

Sandlance

8,922

12,973

-31%

Capelin

2

97,305

-100%

Small sandeel

124,509

68,548

+82%

Norway pout

51,858

17,571

+195%

Others

7,832

5,514

+42%

Total

607,548

706,919

-14%

Source: Norges Sildesalgslag/FIS.com

Prices and markets

China

At the beginning of week 46, inventories amounted to 190,000 tonnes. Volumes leaving the warehouses amounted to almost 27,000 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 45

Week 44

FAQ 65%

9,250

9,250

SD 68%

10,300

10,300

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 45

Week 44

65-66%, produced on board

USA

13,300

13,300

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 45
Week 44

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 1,740, 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 45

Week 44

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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