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The Peruvian Group TASA produces fishmeal and fish oil in its 10 steam dried production plants

International situation of fishmeal and fish oil (Norway, China, Peru, Weeks 19-21)

WORLDWIDE
Thursday, May 23, 2019, 23:50 (GMT + 9)

In Norway, until the 19th week, 352,792 tonnes of fish were destined for reduction at an average price of NOK 2.51 /kg, down 34 per cent form the volume 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

926

399

+132%

Blue whiting

326,000

422,172

-23%

Sandlance

938

216

+334%

Capelin

0

97,305

-100%

Small sandeel

23,311

17,267

+35%

Norway pout

526

572

-8%

Others

191

62

+208%

Total

352,792

537,993

-34%

Source: Norges Sildesalgslag

In China, at the beginning of week 21, inventories totalled 227,000 tonnes. Volumes leaving the warehouses amounted to almost 22,000 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 20

Week 19

FAQ 65%

10,100

10,000

SD 68%

11,150

11,050

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

Graph 2: Average weekly prices of SD fishmeal in the main ports of China, 2015/2019, in RMB

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 per tonne) Week 20

Price (RMB per tonne) Week 19

65-66%, produced on board

USA

13,650

13,650

58-60%,

Russia

11,000

11,000

Source: FIS.com

Fishing in Peru is still good, with daily catches averaging 55,000 tonnes. Prices remain stable.

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

Quality

Average FOB price USD/t

Week 21

Week 20

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

1,640

1,640

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

1,590

1,590

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

1,520

1,520

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

1,460

1,460

SD 67

1,410

1,410

FAQ 66/12/10/5/2

1,360

1,360

FAQ 65

1,300

1,300

Source: FIS.com

Other origins

Chilean 67 per cent fishmeal is at USD 1,580 per tonne and that produced in Iceland, 70 per cent, at USD 1,785, 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 21

Week 20

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

2,300

2,350

Source: FIS.com

 

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