Export market for Fish Oil in China (12월, 2022)

Rabobank's Global Animal Protein Outlook 2023 reports stable fish meal and fish oil supplies in 2022, but significant price increases due to high costs of alternative feed commodities. Fish meal prices reached $1,600 per metric tonne in 2022, and fish oil prices surpassed $3,000 per metric tonne for the first time. The high prices of terrestrial feed commodities and proteins will continue to support marine ingredients. The Peruvian Ministry for Produce announced a higher fishing quota for the winter season, which could positively impact supply. However, analysts predict that declining prices of soymeal and soy oil could influence fish meal and fish oil prices. The report also mentions that China's fish meal stocks in Q3 2022 were slightly below last year's level, which might influence Chinese buyers' willingness to pay higher prices with the expected increase in Peruvian supply.