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The Peruvian company TASA produces annually about 165,000 MT Fish Meal and 25,000 Fish Oil

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

WORLDWIDE
Friday, May 17, 2019, 22:00 (GMT + 9)

Through week 18, they destined 331,571 tonnes of fish for reduction at an average price of NOK 2.49 /kg, down 37% 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

903

398

+127%

Blue whiting

323.369

418.367

-23%

Sandlance

938

216

+334%

Capelin

0

97.305

-100%

Small sandeel

6.117

7.425

-18%

Norway pout

348

404

-14%

Others

76

26

+192%

Total

331.751

524.141

-37%

Source: Norges Sildesalgslag

Prices and markets

China

At the beginning of week 20, inventories registered 227,000 tonnes. Volumes leaving the warehouses amounted to almost 13,000 tonnes during the preious week.

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

Quality

Price (RMB/t)

Week 19

Week 18

FAQ 65%

10.000

10.000

SD 68%

11.050

11.050

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

Graph 2: Average weekly prices of SD fishmeal in the main ports of China, 2015/2019, in RMB

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 19

Week 18

65-66%, produced on board

USA

13.650

13.650

58-60%,

Russia

11.000

11.000

Source: FIS.com

Peru

Fishing is still good, with daily catches averaging 48,000 tonnes. The prices remain stable.

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

Quality

Average FOB price USD/t

Week 20

Week 19

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

1.640

1.640

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

1.590

1.590

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

1.520

1.520

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

1.460

1.460

SD 67

1.410

1.410

FAQ 66/12/10/5/2

1.360

1.360

FAQ 65

1.300

1.300

Source: FIS.com

Other origins

Chilean 67% fishmeal is at USD 1,580 and that produced in Iceland, 70%, at USD 1,785, both FOB Germany.

Fish oil

Peru

Raw fish oil is at USD 1,900/t.

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

Oil

Packaging

Incoterm

Week 20

Week 19

Fish oil, raw

Bulk

FOB PI Peru

1.900

1.850

Fish oil, raw

Barrels, FCL

FOB PI Peru

1.950

1.900

Fish oil, raw

Flexitank, FCL

FOB PI Peru

2.050

1.950

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

 

FOB PI Peru

2.350

2.300

Source: FIS.com

editor@seafood.media
www.seafood.media


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