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Export of fishmeal bags. (Photo: TASA)

Situation and movements of fishmeal and fish oil (W26)

WORLDWIDE
Wednesday, July 17, 2019, 00:00 (GMT + 9)

In Norway, through week 26, 486,524 tonnes of fish were destined for reduction at an average price of NOK 2.69 /kg, down 22% 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

14,457

14,028

+3%

Blue whiting

337,130

439,613

-23%

Sandlance

940

216

+335%

Capelin

0

97,305

-100%

Small sandeel

124,277

68,548

+81%

Norway pout

8,791

4,678

+88%

Others

931

379

+146%

Total

486,526

624,767

-22%

Source: Norges Sildesalgslag/FIS:com

China

At the beginning of week 28, inventories registered 236,000 tonnes. Volumes leaving the warehouses amounted to almost 22,000 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 27

Week 26

FAQ 65%

10,000

10,050

SD 68%

11,000

11,000

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 27

Week 26

65-66%, produced on board

USA

13,600

13,500

58-60%,

Russia

10,900

11,000

Source: FIS.com

Peru

The season is practically coming to an end and there could be about 200,000 tonnes to be caught, which with the current inventories will surelly not be a problem.

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

Quality

Average FOB price USD/t

Week 28

Week 27

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

1,600

1,600

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

1.550

1.550

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

1,500

1,500

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

1.450

1.450

FAQ 66/12/10/5/2

1,340

1,340

FAQ 65

1,280

1,280

Source: FIS.com

Other origins

Chilean 67% fishmeal is at USD 1,580 and that produced in Iceland, 70%, at USD 1,930, 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 28

Week 27

Fish oil, raw

Bulk

FOB PI Peru

1,900

1,900

Fish oil, raw

Barrels, FCL

FOB PI Peru

1,950

1,950

Fish oil, raw

Flexitank, FCL

FOB PI Peru

2,050

2,050

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

 

FOB PI Peru

2,200

2,200

Source: FIS.com

editorial@seafood.media
www.seafood.media


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