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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

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 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@fis.com
www.fis.com


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