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Fish Meal

 
Report Date: Tuesday, December 17, 2019
 
 
 

 

This report focuses on pelagic species catch volumes for reduction. This report analyses the activity on the market, the prices and stocks of fishmeal in South America and key markets. There is a special section for fish oil.

 

INDEX

 

Fishmeal

Fish oil

 

Fishmeal

Catches

Norway

Through week 49, they destined 634,9686 tonnes of fish for reduction at an average price of NOK 2.96/kg, down 12% 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

82,651

58,754

+41%

Blue whiting

351,220

454,249

-23%

Sandlance

10,180

14,584

-30%

Capelin

2

97,305

-100%

Small sandeel

124,509

68,548

+82%

Norway pout

58,356

23,925

+144%

Others

8,050

5,999

+34%

Total

634,968

723,364

-12%

Source: Norges Sildesalgslag

Prices and markets

China

At the beginning of week 50, inventories registered 189,000 tonnes. Volumes leaving the warehouses amounted to almost 21,000 tonnes during the preious week.

Table 2: Average price of fishmeal at the main Chinese ports 2019, in RMB/t

Quality

Price (RMB/t)

Week 49

Week 48

FAQ 65%

9,100

9,100

SD 68%

10,000

10,100

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 49

Week 48

65-66%, produced on board

USA

13,300

13,300

58-60%,

Russia

10,500

10,500

Source: FIS.com

Peru

Catches have improved and are close to 900,000 tons (as of December 11), so there is a little more than 1 million left to complete the quota.

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

Quality

Average FOB price USD/t

Week 49

Week 48

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

1,350

1,330

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

1,300

1,280

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

1,250

1,230

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

1,200

1,180

FAQ 66/12/10/5/2

1,150

1,130

FAQ 65

1,110

1,080

Source: FIS.com

Other origins

Chilean 67% fishmeal is at USD 1,520 and that produced in Iceland, 70%, at USD 1,575, both FOB Germany.

Back to Index

Fish oil

Peru

Raw fish oil is at USD 1,850/t.

Table 5: Prices of fishoil, Peru, 2019, in USD/t

Oil

Packaging

Incoterm

Week 49

Week 48

Fish oil, raw

Bulk

FOB PI Peru

1,850

1,850

Fish oil, raw

Barrels, FCL

FOB PI Peru

1,900

1,900

Fish oil, raw

Flexitank, FCL

FOB PI Peru

2,000

2,000

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

 

FOB PI Peru

2,200

2,200

Source: FIS.com

Back to Index

By DGA

www.fis.com


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