|
Herring fish meal in 1,000 kg bulk bags (Photo: scotiagardenseafood.ca)
World market situation for fishmeal and fish oil (W27)
 WORLDWIDE
Monday, July 22, 2019, 00:30 (GMT + 9)
In Norway, through week 27, 489,500 tonnes of fish were destined for reduction at an average price of NOK 2.69 /kg, down 23% 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
|
14,797
|
21,457
|
-31%
|
|
Blue whiting
|
338,165
|
440,565
|
-23%
|
|
Sandlance
|
940
|
216
|
+335%
|
|
Capelin
|
0
|
97,305
|
-100%
|
|
Small sandeel
|
124,379
|
68,548
|
+81%
|
|
Norway pout
|
10,186
|
5,450
|
+87%
|
|
Others
|
1033
|
454
|
+128%
|
|
Total
|
489,500
|
633,995
|
-23%
|
Source: Norges Sildesalgslag/FIS.com
China
At the beginning of week 29, inventories totalled 248,000 tonnes. Volumes leaving the warehouses amounted to almost 24,000 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 28
|
Week 27
|
|
FAQ 65%
|
10,000
|
10,000
|
|
SD 68%
|
10,900
|
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 28
|
Week 27
|
|
65-66%, produced on board
|
USA
|
13,600
|
13,600
|
|
58-60%,
|
Russia
|
10,800
|
10,900
|
Source: FIS.com
Peru
Catches have decreased due to the closure of some areas. The high inventories in China, at record levels, and consumption projections in that country make potential buyers aspire to lower prices than the producers claim.
Table 4: Average prices of Peruvian fishmeal, in USD/t FOB, 2019
|
Quality
|
Average FOB price USD/t
|
|
Week 29
|
Week 28
|
|
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 1,890, 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 29
|
Week 28
|
|
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
|
2,250
|
2,200
|
Source: FIS.com
editorial@seafood.media
www.seafood.media
|
|
Print
