Indian Fish Meal & Fish Oil Report WEEK 38

Indian Fish Meal & Fish Oil Report  WEEK 38

     

             A bad week after 3 good weeks for Indian producers . Landings have dropped down sharp with only 3-4 manufacturers  seen operating during week 38. Raw fish price shooted back to 21Rs/Kg (303USD/Mt) . Adding to this problem the largest domestic buyer CP Aquaculture has reduced its price from 90Rs to straight down to 75Rs/Kg (1135USD/MT) in just  7 days.  We expect other Feed mills to take advantage of this and pay slightly higher than CP Aquaculture to fill in their requirment for coming months .

            

1.Raw Fish Price

Count	Price
Sardine	21 Rs/Kg
Chamman	17 Rs/Kg

2.Domestic Fish Meal Price 

CP	Price
60%	75 Rs/Kg
62%	78 Rs/Kg

3. International Price

           Yet again it was Bangladesh who imported most of Indian Fish Meal ( Sun dried ) this week .

4. Exports from India

         Fish Meal (Port wise)

Port	Quantity
Tuticorin	21 MT
Petrapole	209 MT
Nhavasheva	45 MT
TOTAL	275 MT

        Fish Meal (Country wise)

Country	Quantity
Bangladesh	275 MT
Sri Lanka	0 MT
Taiwan	0 MT
TOTAL	275 MT

        Fish Oil (Port wise)

                                                         

Port	Quantity
Mangalore	120 MT
Tuticorin	0 MT
Kolkata	0 MT
TOTAL	120 MT

        Fish Oil (Country wise)

Country	Quantity
Malaysia	20 MT
Bangladesh	0 MT
Vietnam	100 MT
TOTAL	120 MT

5. Imports to India

 300 MT  from Morocco and 10 Mt from China has been imported to Mangalore and Nhavsheva port respectively last week .

    

6.General News

   Since the price has been reduced by CP Aquaculture there is a strong possibility that there could be possibility of Indian fish meal export soon to far east countires . However as per current trend we feel the other feed mills in India will try to buy the stock before the price goes up again . But it will be slower than last year .
  Seafood farmers in India are not planing for second crop of Shrimp this year due to fall in exports and price.Hence demand from doemstic buyer for fish meal could be very slow. 

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Indian Fish Meal & Fish Oil Report WEEK 36 & 37

Indian Fish Meal & Fish Oil Report  WEEK 36 & 37

     
             We are back after two weeks . 15 days of mixed response from Indian producers with raw material price ranging from 18.5Rs to 21.50Rs .Last week the price ended at 20Rs/Kg (303USD/MT) .Low availability and landing has resulted in such high price of sardines from Kerala region . With this trend we see very difficult possibility of exports of Fish Meal until end of this year . Domestic price seems to have dropped down to 97Rs-99Rs/Kg for 60%CP Fish Meal . There is also information about imported fish meal being sold at domestic market at price as low as 90Rs/Kg.
            


1.Raw Fish Price

Count	Price
Sardine	20 Rs/Kg
Chamman	18 Rs/Kg

2.Domestic Fish Meal Price 

CP	Price
60%	98 Rs/Kg
62%	104 Rs/Kg

3. International Price

           Most of the fish meal export to Bangladesh is Sun Dried Fish Meal valued between 350-370USD/MT FOB . Fish meal from Mangalore -Bangladesh was reported at 1400USD/MT FOB Mangalore.

4. Exports from India

         Fish Meal (Port wise)

Port	Quantity
Mangalore	280 MT
Petrapole	336 MT
Kolkata	37 MT
TOTAL	653 MT

        Fish Meal (Country wise)

Country	Quantity
Bangladesh	653 MT
Sri Lanka	0 MT
Taiwan	0 MT
TOTAL	653 MT

        Fish Oil (Port wise)

                                                         

Port	Quantity
Mangalore	0 MT
Tuticorin	0 MT
Kolkata	0 MT
TOTAL	0 MT

        Fish Oil (Country wise)

Country	Quantity
Malaysia	18 MT
Bangladesh	16 MT
Vietnam	0 MT
TOTAL	34 MT

5. Imports to India

 992 MT of Fish meal has been cleared at Mangalore port last week valued at 590USD/MT .But we know for the fact that this is not the correct value . According to our sources the price should be beween 1250-1350USD/MT.

    

6.General News

    Large rejection of Indian Shrimps from US FDA has lead price to fall down drastically for Indian processors resulting a downfall in price of farmed shrimps in India . Approximately 500 acres of farm has been left abandoned by Indian Shrimp Farmers in  'Prakasam' area in Andhra Pradesh . The down fall of Indian Shrimp could result in reduce in demand of shrimp feed ,Ultimately resulting in lower price of Fish Meal in domestic market in coming weeks . However this is very early to come into such conclusion .

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