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Fish Meal

 
Report Date: Monday, August 13, 2018
 
 
 

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

Catch volumes

Norway

Through week 31, 637,496 tonnes of fish were sent for reduction at an average price of NOK 2.25/kg, up 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, 2017/2018, in tonne
s

Species

Tonnes 2018

Tonnes 2017

Variation %

Herring

22,076

739

+2887%

Blue whiting

441,722

378,364

+17%

Sandlance

216

0

-

Capelin

97,305

6,332

+1,437%

Small sandeel

68,548

129,398

-47%

Norway pout

7,173

8,190

-12%

Others

456

1,370

-67%

Total

637,496

524,393

+22%

Source: Norges Sildesalgslag

Prices and markets

China

At the beginning week 32, inventories registered 135,000 tonnes. Volumes leaving the warehouses amounted to almost 35,000 tonnes during the previous week.

Table 2: Average prices for fishmeal at
the main Chinese ports,
2018, in RMB/t

Quality

Price (RMB/t)

Week 31

Week 30

FAQ 65%

9,900

9,900

SD 68%

11,900

11,900

Source: FIS.com

Graph 1: Average weekly prices of FAQ fishmeal at
the main Chinese ports, 2014/2018, in
RMB/t

Source: FIS.com

Graph 2: Average weekly prices of SD fishmeal at
the main Chinese ports, 2014/2018, in
RMB

Graph 3: Evolution of weekly average prices of fishmeal at
the main Chinese ports, 2014/2018, in
RMB/t

Source: FIS.com

Table 3: Price of white fishmeal, RMB por t, 2018

Quality

Origin

Price (RMB/t)

Week 31

Week 30

65-66%, produced on board

USA

13,300

13,600

58-60%,

Russia

10,500

11,000

Source: FIS.com

Peru

The market is calm. The consumption in China is very high in aquaculture but rather low considering farm animals. On the other hand, the rise in prices for US fishmeal will probably boost the interest of Chinese purchasers in South Pacific fishmeal.

Table 4: Average prices of Peruvian fishmeal
in USD/t FOB
, 2018

Quality

Average FOB price in USD/t

Week 32

Week 31

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

1,580

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 67/12/10/5(2)/120/10/1000

1,370

1,370

FAQ 66/12/10/5/2

1,300

1,300

FAQ 65

1,280

1,280

Source: FIS.com

Other origins

Chilean 67% fishmeal is at USD 1,525, and that produced in Iceland, 70%, at USD 1,750, both FOB Germany.

Back to Index

Fish oil

Peru

Raw fish oil is at about USD 1,400/t.

Table 5: Prices of fishoil, Peru, 2018, in USD/t

Oil

Packaging

Incoterm

Week 32

Week 31

Fishoil, raw, without omega 3 guaranteed

Bulk

FOB PI Peru

1,400

1,400

Fishoil, raw, without omega 3 guaranteed

Barrels, FCL

FOB PI Peru

1,470

1,470

Fishoil, raw, without omega 3 guaranteed

Flexitank, FCL

FOB PI Peru

1,570

1,570

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

 

FOB PI Peru

1,700

1,750

Source: FIS.com

Back to Index

By DGA

www.fis.com


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