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Fishmeal in Peru is made from anchoveta, which is the only species allowed by the Ministry of Production. (Photo: SNP)
Market situation for fishmeal and fish oil week 22
 WORLDWIDE
Saturday, June 15, 2019, 05:00 (GMT + 9)
Through week 22, they destined 446,203 tonnes of fish for reduction at an average price of NOK 2.60 /kg, down 26% 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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1,103
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2,684
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-59%
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Blue whiting
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334,021
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435,074
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-23%
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Sandlance
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938
|
216
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+334%
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Capelin
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0
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97,305
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-100%
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Small sandeel
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107,018
|
67,313
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+59%
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Norway pout
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2,592
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2,337
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+11%
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Others
|
531
|
312
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+70%
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Total
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446,203
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605,241
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-26%
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Source: Norges Sildesalgslag/FIS.com
China
At the beginning of week 24, inventories registered 225,000 tonnes. Volumes leaving the warehouses amounted to almost 23,000 tonnes during the preious 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 23
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Week 22
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FAQ 65%
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10,.150
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10,150
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SD 68%
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11,200
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11,200
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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
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
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Origin
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Price (RMB/t)
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|
Week 23
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Week 22
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65-66%, produced on board
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USA
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13,650
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13,650
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58-60%,
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Russia
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11,000
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11,000
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Source: FIS.com
Peru
The catches were reduced by almost 50% due to the bans imposed in some areas. The market is calm, especially due to the almost absence of Chinese buyers more concerned with lowering some inventory than increasing it.
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 23
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Week 23
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SD 68/10/10/4(1)/120/7.5/500
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1,600
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1,600
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SD 67/10/10/5(2)/120/10/1000
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1,560
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1,560
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SD 67/10/10/5(2)/120/10
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1,500
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1,500
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SD 67/10/10/5(2)/150/10
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1,460
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1,460
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SD 67
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1,440
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1,440
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FAQ 66/12/10/5/2
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1,340
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1,340
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FAQ 65
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1,280
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1,280
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Source: FIS.com
Other origins
Chilean 67% fishmeal is at USD 1,570 and that produced in Iceland, 70%, at USD 1,780, 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
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Packaging
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Incoterm
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Week 24
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Week 23
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Fish oil, raw
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Bulk
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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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Barrels, FCL
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FOB PI Peru
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1,950
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1,950
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Fish oil, raw
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Flexitank, FCL
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FOB PI Peru
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2,050
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2,050
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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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2,300
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Source: FIS.com
editorial@seafood.media
www.seafood.media
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