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
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 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
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