Indian Fish Meal & Fish Oil Report WEEK 32

Indian Fish Meal & Fish Oil Report  WEEK 32

     
            As expected 1st week of season in India was very much mixed condition as the first 3 days were without any fishing at Mangalore and Malpe fishing ports due to protests .Mangalore fish meal producers bought Sardines at 23Rs/Kg(365USD/MT) from Kerala . There is still no much sardines available at local ports in Mangalore and Malpe . Raw fish is the concern which is making producers to compete with each other to run their operations. The price of fish meal remained same from last week . Producers in Tutitcorin area sold Fishmeal at 110Rs/Kg  to CP group. 


1.Raw Fish Price

Count	Price
Sardine	23Rs/Kg
Mixed	20Rs/Kg

2.Domestic Fish Meal Price 

CP	Price
60%	108Rs/Kg
62%	110Rs/Kg

3. International Price

No fish meal export price available this week .

4. Exports from India

         Fish Meal (Port wise)

Port	Quantity
Mangalore	0 MT
Tuticorin	21 MT
Petrapole	150 MT
TOTAL	171 MT

        Fish Meal (Country wise)

Country	Quantity
Bangladesh	150 MT
Sri Lanka	21 MT
Taiwan	0 MT
TOTAL	171 MT

        Fish Oil (Port wise)

                                                         

Port	Quantity
Mangalore	100 MT
Petrapole	0 MT
Kolkata	0 MT
TOTAL	100 MT

        Fish Oil (Country wise)

Country	Quantity
Bangladesh	0 MT
Egypt	0 MT
Vietnam	100 MT
TOTAL	100 MT

5. Imports to India

    1000 MT of Fish Meal from Morocco has been imported this week to Mangalore Port .

6.General News

    We are not surprised to see 1000 MT of Moroccan FM being imported to Mangalore .The price mentioned in the customs is 500USD/MT but we know for the fact that ,this is not the right price and it has been done to save import duty . According to us the price should be between 1350-1400USD/MT . We expect more and more fish meal will be imported in next few months to different ports in India . As we reported in last weeks report trend of Indian Fish Meal industry is changing indeed.

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