in this issue: weekly cumulative raw material in 2021 (mt)weekly cumulative raw material in 2021...
TRANSCRIPT
-
2 Last weeks’ operations
3 Peru
5 Chile
6 Europe
7 China
Weekly figures - Based on the data reported, in week 2 2021 a total of around 198,000 mt of raw material
was estimated to have been used to produce roughly 44,000 mt of fishmeal and 11,000 mt of fish oil.
Landings and production volumes in Chile during the second week of the year slightly rebounded, mainly
on the back of the improved availability of raw material in the South of the country. As for the northern
fishing grounds, on Thursday 21st a new resolution imposed a fishing ban until 21st February between re-
gions XV and II (i.e., regions of Arica , Parinacota and Antofagasta). The resolution still allows the mackerel
fishing in all regions, and that of anchovy in region I).
In Northern Europe the overall supply of raw material in the second week of the year 2021 remained
subdued, with almost no catches in the Denmark/Norway area. Blue whiting landings improved in Iceland
though.
As already mentioned in our previous report, the start of the year is usually a quiet time in these European
countries, as most of the annual quotas are fixed later on during the year.
In this issue:
The distribution of this report is strictly limited to IFFO’s members. No copies should be forwarded or distributed to anyone outside
IFFO’s membership.
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Weekly cumulative raw material in 2021 (mt)
Total 2020 Chile Peru Denmark/Norway Iceland/ North Atlantic
0
400,000
800,000
1,200,000
1,600,000
2,000,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Weekly cumulative fishmeal production in 2021 (mt)
Total 2020 Chile Peru Denmark/Norway Iceland/ North Atlantic
0
100,000
200,000
300,000
400,000
500,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Weekly cumulative fish oil production in 2021 (mt)
Total 2020 Chile Peru Denmark/Norway Iceland/North Atlantic
WEEKLY REPORT
Week 2/21
11 Jan 21 to 17 Jan 21
This report is sponsored by
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-
2
2
Fishmeal production
Raw material and production data
Fish oil production
Raw material
We mentioned last week that the spring spawning herring quota for the year 2021 has been preliminary fixed in Norway at
494,785 mt, while that of blue whiting at 208,306 mt. Meanwhile last week for the first time Norway and the EU sat down with the
UK to negotiate the new quotas of the fisheries they share. This is a direct effect of the recent Brexit agreement.
In Iceland, while scientists continue to collect the scientific evidence needed to fix a capelin quota for the year 2021, preliminary
quotas for Icelandic herring and blue whiting have been fixed at 30,489 mt (plus 4,668 mt left in 2020) and 194,080 mt (plus 7,663
mt from 2020), respectively. In 2020 final quotas were 47,421 mt for herring and 246,900 mt for blue whiting.
As for Denmark, so far we have a quota of 70,000 mt for sprat to be updated in July (in 2019 the final quotas was 190,000 mt); a
preliminary Norway pout quota of 5,600 mt (the final one in 2019 came at 72,000 mt); and a blue whiting quota of 32,400 mt, vs
51,000 mt in 2019. The sand eel quota, the biggest fishery quota in 2019 (248,000 mt) in Denmark, will be decided in a meeting
among the coastal states in March 2021.
2020/2021 2019/2020
0
100,000
200,000
300,000
400,000
500,000
600,000
3 2
020
5 2
020
7 2
020
9 2
020
11 2
020
13 2
020
15 2
020
17 2
020
19 2
020
21 2
020
23 2
020
25 2
020
27 2
020
29 2
020
31 2
020
33 2
020
35 2
020
37 2
020
39 2
020
41 2
020
43 2
020
45 2
020
47 2
020
49 2
020
51 2
020
53 2
020
2 2
021
13/01/20 to 17/01/21
Chile Peru Denmark/Norway Iceland/North Atlantic
0
100,000
200,000
300,000
400,000
500,000
600,000
3 2
019
5 2
019
7 2
019
9 2
019
11 2
019
13 2
019
15 2
019
17 2
019
19 2
019
21 2
019
23 2
019
25 2
019
27 2
019
29 2
019
31 2
019
33 2
019
35 2
019
37 2
019
39 2
019
41 2
019
43 2
019
45 2
019
47 2
019
49 2
019
51 2
019
1 2
020
3 2
020
5 2
020
14/01/19 to 09/02/20
Chile Peru Denmark/Norway Iceland/North Atlantic
11/01/21 17/01/21 04/01/21 10/01/21 13/01/20 19/01/20
Chile† 101.7% 48,486 75,437 -35.7%
Peru -32.5% 369,869 14,578 2437.2%
Denmark/Norway# 0.0% 5,200 3,410 52.5%
Iceland/North Atlantic†* 1.6% 28,816 8,642 233.4%
Total -22.3% 452,371 102,066 343.2%
source: IFFO All numbers are preliminary and subject to revision †Plus trimmings # Trimmings not available *Includes U.K., Ireland and Faroe Islands
RegionsWeek 2 Week 1 Week 3 in 2020
Cumulative 2021 Cumulative 2020% change
week on week
Cumulative %
change
32,417
254,562
2,200
3,781
29,716
149,071
14,520
16,068 23,735
220,798
3,400
14,296
0
1,800
197,808
11/01/21 17/01/21 04/01/21 10/01/21 13/01/20 19/01/20
Chile# 132.8% 10,394 15,916 -34.7%
Peru -32.3% 86,858 3,378 2471.3%
Denmark/Norway 0.0% 1,092 732 49.2%
Iceland/North Atlantic* -60.6% 4,017 1,837 118.6%
Total -25.1% 102,362 21,863 368.2%
source: IFFO All numbers are preliminary and subject to revision #Includes salmon-derived meal *Includes U.K., Ireland and Faroe Islands
6,09543,851 58,511
7,271 3,123 4,802
Cumulative 2020Cumulative 2021
1,136 2,881 832
35,066 51,793 0
378 714 462
% change
week on week
Cumulative %
changeRegions
Week 2 Week 1 Week 3 in 2020
11/01/21 17/01/21 04/01/21 10/01/21 13/01/20 19/01/20
Chile# 52.4% 4,921 7,154 -31.2%
Peru -47.9% 22,819 417 5376.6%
Denmark/Norway 0.0% 415 240 72.8%
Iceland/North Atlantic* -28.8% 1,094 605 80.8%
Total -36.2% 29,251 8,416 247.5%
source: IFFO All numbers are preliminary and subject to revision #Includes salmon-derived oil *Includes U.K., Ireland and Faroe Islands
Cumulative %
changeRegions
Week 2 Week 1 Week 3 in 2020Cumulative 2021 Cumulative 2020
2,514
2,92411,391 17,860
144 272 176
7,820 14,999 0
2,972 1,950
455 639 234
% change
week on week
The latest statistics on raw material and production can be found on our website at the following link: https://www.iffo.com/members-area/weekly-data
https://www.iffo.com/members-area/weekly-data
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3
3
Peru
Quota in North-Centre Region Quota in South Region
Still no news on the first quota of the year 2021 in the South area, usually fixed at around 400,000 mt.
As for the North-Centre region, fishing operations continued with an average daily catch of 21,000 mt in week 2 2021, down to
15,000 mt per day in the first 3 days of week 3 2021. By January 20th the quota fulfilment was reported at around 88% of the 2.78
million mt quota. With the current landing pace the remaining 343,000 mt could be landed in 22 days, so by mid-February 2021.
Fish oil yields dropped to 5.2% as landings were distributed more evenly than usual across ports.
Inside this issue we are finally able to report the Peruvian monthly statistics on fishmeal and fish oil trade for the year 2020.
December figures might be further adjusted, but as numbers stand now a reduction of over 15% year on year might have occurred
in terms of annual fishmeal exports: 860,000 mt in 2020 vs 1.037 million mt in 2019. Asia remained the main destination, with
China, Japan and Vietnam taking the first 3 spots. China seems to have absorbed 77% of the total Peruvian shipments reported in
2020, although around 100,000 mt less have been taken with respect to the year 2019.
As for fish oil, total shipments in 2020 were down, year on year, by 35%: 117,000 mt vs 181,000 mt. Belgium gained the first spot,
previously occupied by Denmark, whose tonnage decreased by 80%. All regions received less fish oil than during the year 2019,
apart from Belgium and the Netherlands.
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
Raw material per week (mt)
2016-2020 average 2019/2020 2020/2021
Raw material
Paita 0 0.0 0
Chicama 39,261 0.0 375
Chimbote 40,485 1.5 419
Centro 52,727 17.0 468
Pisco 16,598 6.8 64
Sur 0 0.0 0
Total 149,071 - 1326source: IMARPE
Week 2
Port (mt)average % of
juvenile
no of
vessels
55310,023
4,001 0 0 05,980
126,264
143,168
77,860
16,598
0
Paita Chicama Chimbote Centro Pisco Sur
Cumulative landings per port through week 2 (mt)
2 2020 2 2021
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 2
Total vessels used per week in 2020-2021
Total quota (metric tonnes) 2,780,000
Landings through mid-week 3 2,423,254
Left quota 356,746
Season opened on 12th November 2020
Total quota (metric tonnes) 0
Landings through mid-week 3 0
Left quota 0
No quota announced yet
87.2%
12.8%
Landings Left quota
0.0%
100.0%
Landings Left quota
The latest statistics on the quotas fulfilment can be found on our website at the following link: https://www.iffo.com/peruvian-quotas-and-catches
https://www.iffo.com/peruvian-quotas-and-catches
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4
4
Peru
Destination Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecTotal Jan-
Dec 2020
% on total
2020
Total Jan-
Dec 2019
% on total
2019
% change
2020-2019
China 55,190 35,930 32,933 11,357 5,143 38,159 160,363 153,244 96,726 10,873 921 63,740 664,581 77.4% 769,366 74.2% -13.6%
Japan 6,461 4,968 3,379 1,026 1,033 1,777 5,953 6,199 8,065 4,162 1,569 747 45,339 5.3% 75,779 7.3% -40.2%
Vietnam 7,124 1,334 594 527 0 0 6,365 12,533 5,231 1,452 2,403 499 38,062 4.4% 46,114 4.4% -17.5%
Germany 7,914 0 0 0 0 7,761 0 8,612 9,416 0 0 0 33,703 3.9% 31,165 3.0% 8.1%
Taiwan 2,088 1,291 1,111 149 411 2,241 2,274 3,925 4,592 1,557 200 2,104 21,941 2.6% 29,568 2.9% -25.8%
Australia 750 995 636 781 503 407 2,101 886 2,006 1,130 311 296 10,803 1.3% 7,123 0.7% 51.7%
Ecuador 2,017 1,198 693 770 2,284 429 1,595 60 0 0 423 485 9,955 1.2% 14,775 1.4% -32.6%
Chile 565 2,588 1,322 0 0 0 0 352 351 299 0 0 5,478 0.6% 17,980 1.7% -69.5%
South Korea 635 651 0 1,263 0 0 1,247 486 465 0 0 0 4,746 0.6% 5,079 0.5% -6.6%
Canada 348 912 1,418 421 594 0 206 499 0 0 100 199 4,697 0.5% 6,480 0.6% -27.5%
Spain 504 0 0 348 102 0 0 1,498 708 351 399 401 4,310 0.5% 9,788 0.9% -56.0%
Denmark 992 1,049 297 0 249 0 1,136 545 0 0 0 0 4,267 0.5% 7,071 0.7% -39.7%
Indonesia 0 200 0 0 0 201 0 511 0 645 0 209 1,767 0.2% 1,715 0.2% 3.0%
Philippines 206 213 0 0 104 212 0 80 266 212 0 106 1,399 0.2% 1,108 0.1% 26.3%
Others 211 2,205 264 645 501 734 149 300 327 1,360 218 306 7,220 0.8% 13,402 1.3% -46.1%
Total 85,006 53,534 42,648 17,287 10,922 51,922 181,389 189,729 128,152 22,041 6,544 69,092 858,267 100% 1,036,515 100% -17.2%
source: Peruvian Customs
Fishmeal trade
Exports by destination (mt)
0
200000
400000
600000
800000
1000000
1200000
jan feb mar apr may jun jul aug sep oct nov dec
Cumulative exports (mt)
2019 2020
682,266631,033
1,001,866 1,003,476 1,036,515
858,267
2015 2016 2017 2018 2019 2020
Exports through December (mt)
China Japan Vietnam Germany Taiwan Others
Destination Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecTotal Jan-
Dec 2020
% on total
2020
Total Jan-
Dec 2019
% on total
2019
% change
2020-2019
Belgium 0 0 6,012 0 5,100 0 6,911 8,714 2,745 0 0 3,206 32,688 27.9% 29,760 16.5% 9.8%
Canada 266 4,577 770 291 3,222 463 4,772 514 1,021 259 77 602 16,835 14.3% 22,447 12.4% -25.0%
China 0 0 0 1,010 251 0 1,237 4,575 4,937 1,934 0 0 13,945 11.9% 21,136 11.7% -34.0%
Chile 225 304 1,251 916 42 218 2,076 1,628 1,597 498 2,829 595 12,177 10.4% 17,839 9.9% -31.7%
Norway 441 0 0 0 101 203 284 390 626 6,731 0 0 8,778 7.5% 17,203 9.5% -49.0%
Denmark 0 5,476 0 0 1,899 0 0 0 0 0 0 0 7,375 6.3% 38,440 21.3% -80.8%
Australia 522 51 1,349 1,509 46 264 249 1,571 211 203 18 76 6,070 5.2% 7,294 4.0% -16.8%
Netherlands 0 0 0 0 0 0 0 5,958 0 0 0 0 5,958 5.1% 1,682 0.9% 254.2%
Japan 102 103 179 146 127 505 299 0 320 319 555 663 3,320 2.8% 6,349 3.5% -47.7%
United States 103 94 280 350 72 165 297 112 345 46 314 287 2,464 2.1% 5,914 3.3% -58.3%
Others 636 419 502 391 231 397 207 472 1,081 2,132 323 937 7,727 6.6% 12,463 6.9% -38.0%
Total 2,295 11,025 10,343 4,614 11,091 2,216 16,334 23,933 12,884 12,122 4,116 6,365 117,339 100% 180,526 100% -35.0%
source: Peruvian Customs
Fish oil trade
Exports by destination (mt)
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
200000
jan feb mar apr may jun jul aug sep oct nov dec
Cumulative exports (mt)
2019 2020
116,393
92,072
167,385
194,099180,526
117,339
2015 2016 2017 2018 2019 2020
Exports through December (mt)
Belgium Canada China Chile Norway Others
-
5
5
Fishmeal and fish oil production
Meal quality and yields
Fishmeal production
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative fishmeal production (mt)
2020 2021
0
50,000
100,000
150,000
200,000
250,000
300,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative fish oil production (mt)
2020 2021
Meal quality (mt)
Standard 121
Prime 30,136 Meal Yield 23.5%
Super Prime 4,809 Oil Yield 5.2%source: IFFO
Week 2
4.25
Fishmeal production
factor
0%
5%
10%
15%
20%
25%
30%
3 20
20
5 20
20
7 20
20
9 20
20
11 2
020
13 2
020
15 2
020
17 2
020
19 2
020
21 2
020
23 2
020
25 2
020
27 2
020
29 2
020
31 2
020
33 2
020
35 2
020
37 2
020
39 2
020
41 2
020
43 2
020
45 2
020
47 2
020
49 2
020
51 2
020
53 2
020
2 20
21
Weekly meal yield Weekly oil yield
fishing ban periodfrom to from to
XV - II 1st Jan - 21st Feb closed
III - IV 1st Jan - 9th Feb open
V - VIII 1st Jan - 18th Feb closed
Anchovy/sardine IX - XIV 1th Jan - 7th Feb closed
source: IFFO
regions
Anchovy/sardine
season
status
Anchovy
Anchovy/sardine
Species
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
Raw material per week (mt)
2016-2020 average 2019/2020 2020/2021
0
100,000
200,000
300,000
400,000
500,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative fishmeal production (mt)
2020 2021
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative fish oil production (mt)
2020 2021
North South
Meal yield 21.3% 25.2%
Oil yield 1.7% 5.4%
Week 2 2021
0.0%2.0%4.0%6.0%8.0%10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
3 2
02
0
5 2
02
0
7 2
02
0
9 2
02
0
11
20
20
13
20
20
15
20
20
17
20
20
19
20
20
21
20
20
23
20
20
25
20
20
27
20
20
29
20
20
31
20
20
33
20
20
35
20
20
37
20
20
39
20
20
41
20
20
43
20
20
45
20
20
47
20
20
49
20
20
51
20
20
53
20
20
2 2
02
1
Weekly yield in the North
Meal Oil
0.0%
4.0%
8.0%
12.0%
16.0%
0.0%
10.0%
20.0%
30.0%
40.0%
3 2
02
0
5 2
02
0
7 2
02
0
9 2
02
0
11
20
20
13
20
20
15
20
20
17
20
20
19
20
20
21
20
20
23
20
20
25
20
20
27
20
20
29
20
20
31
20
20
33
20
20
35
20
20
37
20
20
39
20
20
41
20
20
43
20
20
45
20
20
47
20
20
49
20
20
51
20
20
53
20
20
2 2
02
1
Weekly yield in the South
Meal Oil
Chile
Peru
-
6
6
Raw material
Fishmeal production
Fish oil production
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
Raw material per week in Denmark/Norway (mt)
2016-2020 average 2019/2020 2020/2021
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
Raw material material per week in Iceland/North Atlantic (mt)
2016-2020 average 2019/2020 2020/2021
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative Denmark/Norway fishmeal production (mt)
2020 2021
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative Iceland/North Atlantic fishmeal production (mt)
2020 2021
0
20,000
40,000
60,000
80,000
100,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative Denmark/Norway fish oil production (mt)
2020 2021
0
20,000
40,000
60,000
80,000
100,000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Cumulative Iceland/North Atlantic fish oil production (mt)
2020 2021
Europe
-
7
7
Fishmeal
source: www.jcichina.com
week 51 52 53 1 2 3
2020/2021 17,640 17,730 16,090 21,070 18,210 17,770
week 51 52 53 1 2 3
2019/2020 20,950 22,210 24,000 27,420 29,940 5,400
Weekly fishmeal port off-take (mt)
week 51 52 53 1 2 3
2020/2021 125,220 121,640 112,450 104,180 91,760 80,160
week 51 52 53 1 2 3
2019/2020 189,300 178,650 166,830 161,150 138,450 133,730
week 51 52 53 1 2 3
131,364 131,364 125,110138,136 131,402 116,338
Total weekly fishmeal port stocks (mt)
average
2016-2020
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 1 3 5
Weekly port off-take (mt)
2019-2020 2020-2021
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 1 3 5
Total weekly port stocks (mt)
2019-2020 2020-2021 average 2016-2020
China
-
8
8
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