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Shipment of bags of fishmeal from the TASA group (Photo: TASA)

International situation of fishmeal and fish oil (Norway-China-Peru - Week 31)

WORLDWIDE
Monday, August 19, 2019, 00:10 (GMT + 9)

Norway

Through week 32, they destined 519,871 tonnes of fish for reduction at an average price of NOK 2.79 /kg, down 20% on those destined for suchpurpose 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

33,620

32,777

+3%

Blue whiting

340,809

443,674

-23%

Sandlance

940

216

+335%

Capelin

0

97,305

-100%

Small sandeel

124,509

68,548

+82%

Norway pout

18,558

8,013

+132%

Others

1,435

470

+205%

Total

519,871

651,003

-20%

Fuente: Norges Sildesalgslag/FIS.com

China

At the beginning of week 32, inventories registered 275,000 tonnes. Volumes leaving the warehouses amounted to almost 26,000 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 32

Week 31

FAQ 65%

9,950

9,950

SD 68%

10,750

10,750

Source: FIS.com

Graph 1: Average weekly prices of FAQ fishmeal at the main Chinese ports, 2015-2019, in RMB/t

Graph 1: Average weekly prices of FAQ fishmeal at the main Chinese ports, 2015-2019, in RMB/t

Source: FIS.com

Graph 2: Average weekly prices of SD fishmeal at the main Chinese ports, 2015-2019, in RMB/t

Graph 2: Average weekly prices of SD fishmeal at the main Chinese ports, 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 32

Week 31

65-66%, produced on board

USA

13,600

13,600

58-60%,

Russia

10,800

10,800

Source: FIS.com

Peru

Calm market and without major news.

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

Quality

Average FOB price USD/t

Week 33

Week 32

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

1,520

1,550

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

1,470

1,500

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

1,420

1,450

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

1,370

1,400

FAQ 66/12/10/5/2

1,270

1,300

FAQ 65

1,220

1,230

Source: FIS.com

Other origins

Chilean 67% fishmeal is at USD 1,575 and that produced in Iceland, 70%, at USD 1,855, both FOB Germany.

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 33

Week 32

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

2,300

2,300

Source: FIS.com

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