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
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.
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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