Thursday, May 16, 2013

FAO Globefish Commodity Update: Fishmeal and fish oil

The FAO has released its annual Globefish Commodity Update on fishmeal and fish oil. The 
report contains commodity information on prices, imports, exports and production by commodity. The information is taken from the network of Globefish correspondents and the Globefish European Price Report, INFOFISH Trade News, FAO FISHDAB, EUROSTAT and others.

Fishmeal prices remained strong in the first part of 2013 as supply fell in the 2012. Total production fell by 35 percent between 2011 and 2012. The two main Latin American exporters, Peru and Chile, continued their dominance with Peru accounting for 82 percent of South American production. Elsewhere, Icelandic production rose significantly thanks to a rise in herring and mackerel catches.

The average price of fish oil in the last quarter was US$2138. This was 43 percent higher than the average price in the last quarter of 2011. The growing demand for fish oil for both aquaculture and human consumption and a weak supply in 2012 mean that these high prices look set to continue into 2013.
 
For single issues please email globefish-pub@fao.org. Or visit the Globefish website.

Other issues, released throughout the year, include bivalves, salmon, shrimp and tuna.

FAO Globefish Commodity Update

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