Indian Fish Meal & Fish Oil Report WEEK 33
Fishing was better than last week ,However in consideration with last season fishing is not expected to be good until end of this month .The weather is getting normal with reducing rain and slightly higher temperature last week.The raw fish price remained high at 23-23.50/Kg in Mangalore region and 21-22Rs/Kg in Tuticorin . Local FM price remained high at 110-115Rs/Kg .there were reports 60% FM selling at 115/Kg in Ullal ,Mangalore . We expect the price to go down by 5-7Rs for next week as we feel the the Largest local fish meal buyer CP group in India will start to reduce the price since coming week in order to control the market.
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
Port
|
Quantity
|
Mangalore
|
0 MT
|
Tuticorin
|
0 MT
|
Petrapole
|
140 MT
|
TOTAL
|
140 MT
|
Fish Meal (Country wise)
Country
|
Quantity
|
Bangladesh
|
140 MT
|
Sri Lanka
|
0 MT
|
Taiwan
|
0 MT
|
TOTAL
|
140 MT
|
Fish Oil (Port wise)
Port
|
Quantity
|
Mangalore
|
40 MT
|
Petrapole
|
14 MT
|
Kolkata
|
0 MT
|
TOTAL
|
54 MT
|
Fish Oil (Country wise)
Country
|
Quantity
|
Malaysia
|
40 MT
|
Bangladesh
|
14 MT
|
Vietnam
|
0 MT
|
TOTAL
|
54 MT
|
5. Imports to India
No import of Fish Meal has been recorded for week 33.
6.General News
On August 4th Green Tribunal directed Karnataka State Pollution Control Board to close 14 Fish Meal Plants of Ullal region. http://www.udayavani.com/english/news/mangaluru/88191/green-tribunal-directs-kspcb-close-down-14-fish-mills-ullal .There were several meetings happening in last two weeks to get a stay for this order from Green Tribunal .We personally feel Ullal plants will manage to get a upper hand on this and get a stay as soon as possible .
Imports of fish meal is believed to more in next two months . But now the real worry is if CP Group reduces the price further down to control the market , then Importers importing Fish Meal at low margins will face big problems in next few months.
Imports of fish meal is believed to more in next two months . But now the real worry is if CP Group reduces the price further down to control the market , then Importers importing Fish Meal at low margins will face big problems in next few months.
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