As mentioned last week, all the important people in the fishmeal business were at the IFFO meeting in Berlin this past week and should be heading home by now – so news from the industry has been quiet but there has been quite a bit from the IFFO meeting.
There was a story in Berlin that Peru may not allow the next fishing season due to concerns about both El Nino and the Kelvin Wave. The story was based on interviews with a couple of senior fishmeal people at the IFFO meetings. There was also story that the Oct/Nov/Dec fishing will be allowed but that there may not be an early 2016 fishing quota due to expected El Nino effects on fishing stocks. Of course, this is all speculation and may not be as serious as the news stories imply.
There was also a presentation at IFFO that seemed to show that European fishmeal was far superior to South American fishmeal in actual feed use. The presentation stated that the South American industry has the potential to improve the overall quality and feed performance of its fishmeal but that attention to better production methods will be needed.
It was reported this week that a ship was seized in Chile with an illegal cargo of 5,600 m/t of Chilean fishmeal. It appears that there have been some adjustments made to landing scales in Chile that allowed over quota catches of sardines and anchovies which then resulted in over quota production of fishmeal. The seizure was as a result of government investigation into fishmeal production and exports.
Omega Protein, a major USA fishmeal producer, has said that they are “reviewing strategic alternatives” which the press has assumed means that Omega is up for sale.
There was very little in reported fishmeal sales this week, although we don’t know as yet what may have been negotiated in Berlin – prices are unchanged on the week.
European fishmeal prices – FOB North German port.
|
Type |
Protein % |
Price per m/t USD |
| Herring fishmeal |
72 protein |
1,615 |
| Danish fishmeal |
64 protein |
1,465 |
| Peru fishmeal |
64 protein |
1,550 |
| Chile fishmeal |
67 protein |
1,650 |
| Iceland fishmeal |
70 protein |
1,620 |
PERU “INDICATION” FISHMEAL PRICES:
ALL PRICES SHOWN ARE IN CONTAINER, ON VESSEL, AT ORIGIN — US DOLLARS
Minimum shipment of 200 m/t for fishmeal
| Specification |
Price per m/t FOB vessel Peru port |
Price per m/t Chile port |
| 65 protein |
1370/1390 m/t |
|
| 65/66 protein |
1410/1430 m/t |
|
| 67 protein standard steam |
1450/1460 m/t |
|
| 67 protein SD 150 TVN |
1480/1500 m/t |
1480/1500 |
| 67 protein SD 120 TVN |
1580/1600 m/t |
1580/1600 |
| 67 protein SD 1000 hist, 120 TVN |
1630/1650 m/t |
1630/1650 |
| 68 protein SD 500 hist, 120 TVN |
1680/1700 m/t |
1650/1670 |
| Fish oil, crude bulk |
2000/2050 |
1700/1800 |
| Fish oil, crude drums |
2100/2150 |
|
| Fish oil, flexi tank |
2150/2200 |
|
| Fish oil, Omega 3: 28%EPA/DHA |
2400/2450 |