Weekly movements of fishmeal and fish oil (Norway, China, Peru) - W 49
WORLDWIDE
Monday, December 16, 2019, 01:00 (GMT + 9)
Fishmeal
Norway
Through week 49, they destined 634,9686 tonnes of fish for reduction at an average price of NOK 2.96/kg, down 12% 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
|
82,651
|
58,754
|
+41%
|
Blue whiting
|
351,220
|
454,249
|
-23%
|
Sandlance
|
10,180
|
14,584
|
-30%
|
Capelin
|
2
|
97,305
|
-100%
|
Small sandeel
|
124,509
|
68,548
|
+82%
|
Norway pout
|
58,356
|
23,925
|
+144%
|
Others
|
8,050
|
5,999
|
+34%
|
Total
|
634,968
|
723,364
|
-12%
|
Source: Norges Sildesalgslag/FIS.com
Prices and markets
China
At the beginning of week 50, inventories registered 189,000 tonnes. Volumes leaving the warehouses amounted to almost 21,000 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 49
|
Week 48
|
FAQ 65%
|
9,100
|
9,100
|
SD 68%
|
10,000
|
10,100
|
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 49
|
Week 48
|
65-66%, produced on board
|
USA
|
13,300
|
13,300
|
58-60%,
|
Russia
|
10,500
|
10,500
|
Source: FIS.com
Peru
Catches have improved and are close to 900,000 tons (as of December 11), so there is a little more than 1 million left to complete the quota.
Table 4: Average prices of Peruvian fishmeal, in USD/t FOB, 2019
Quality
|
Average FOB price USD/t
|
Week 49
|
Week 48
|
SD 68/10/10/4(1)/120/7.5/500
|
1,350
|
1,330
|
SD 67/10/10/5(2)/120/10/1000
|
1,300
|
1,280
|
SD 67/10/10/5(2)/120/10
|
1,250
|
1,230
|
SD 67/10/10/5(2)/150/10
|
1,200
|
1,180
|
FAQ 66/12/10/5/2
|
1,150
|
1,130
|
FAQ 65
|
1,110
|
1,080
|
Source: FIS.com
Other origins
Chilean 67% fishmeal is at USD 1,520 and that produced in Iceland, 70%, at USD 1,575, 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 49
|
Week 48
|
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@seafood.media
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