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Weekly movements of fishmeal and fish oil (Norway, China, Peru) W49
 WORLDWIDE
Monday, December 09, 2019, 07:40 (GMT + 9)
Fish meal
Norway
Through week 48, 624,494 tonnes of fish were destined for reduction at an average price of NOK 2.95 /kg, down 13% 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
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Species
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Tonnes 2019
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Tonnes 2018
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Variation %
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Herring
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76,786
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57,552
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+33%
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Blue whiting
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350,551
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454,193
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-23%
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Sandlance
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9,299
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14,241
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-35%
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Capelin
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2
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97,305
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-100%
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Small sandeel
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124,509
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68,548
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+82%
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Norway pout
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55,385
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23,153
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+139%
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Others
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7,962
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5,993
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+33%
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Total
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624,494
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720,985
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-13%
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Source: Norges Sildesalgslag/FIS.com
Prices and markets
China
At the beginning of week 49, inventories reached 187,000 tonnes. Volumes leaving the warehouses amounted to almost 21,000 tonnes during the previous week.
Table 2: Average price of fishmeal at the main Chinese ports 2019, in RMB/t
|
Quality
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Price (RMB/t)
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Week 48
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Week 47
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FAQ 65%
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9,100
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9,100
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SD 68%
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10,100
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10,100
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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
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Quality
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Origin
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Price (RMB/t)
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|
Week 48
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Week 47
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65-66%, produced on board
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USA
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13,300
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13,300
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58-60%,
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Russia
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10,500
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10,500
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Source: FIS.com
Peru
Catches were reduced by more than 50% and barely reach 20,000 t per day on average, which questions whether the entire quota can be captured.
Table 4: Average prices of Peruvian fishmeal, in USD/t FOB, 2019
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Quality
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Average FOB price USD/t
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Week 48
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Week 47
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SD 68/10/10/4(1)/120/7.5/500
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1,330
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1,300
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SD 67/10/10/5(2)/120/10/1000
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1,280
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1,250
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SD 67/10/10/5(2)/120/10
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1.230
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1,200
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SD 67/10/10/5(2)/150/10
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1,180
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1,150
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FAQ 66/12/10/5/2
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1,130
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1,100
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FAQ 65
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1.080
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1,050
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Source: FIS.com
Other origins
Chilean 67% fishmeal is at USD 1,520 and that produced in Iceland, 70%, at USD 1,590, 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
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Oil
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Packaging
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Incoterm
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Week 48
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Week 47
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Fish oil, raw
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Bulk
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FOB PI Peru
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1,850
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1,850
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Fish oil, raw
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Barrels, FCL
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FOB PI Peru
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1,900
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1,900
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Fish oil, raw
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Flexitank, FCL
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FOB PI Peru
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2,000
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2,000
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Fish oil, omega 3 guaranteed (28% EPA/DPA)
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FOB PI Peru
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2,200
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2,200
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Source: FIS.com
editorial@seafood.media
www.seafood.media
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