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China increased purchases fishmeal Vietnam

24/11/2014 fishing department in Peru will begin in late November or early December, but according to a survey by the Institute of Oceanography Peru (IMARPE), winter fish stocks will only reach about 1.5 million tonnes, 10 million tonnes more than in the spring. Meanwhile, fishmeal production in 2014 is likely to fall by more than 40% to 700,000 tonnes. Such low fish stocks could be due to abnormalities in climate and environmental conditions along the coast of Peru pushed fish further out from the area of ​​traditional fishing.

For nearly a month back, the price of fishmeal has increased dramatically, the Peruvian fishmeal prices 65% protein types have increased from US $ 1,680 / ton (FOB) in mid-October, to $ 2,060 dollars / ton (FOB) at the beginning of May 11. the supply of fish meal is extremely scarce, Peru fishmeal inventory is only about 30000-35000 tons and mainly low-grade fish meal.

The soaring price of fishmeal Peru has a great influence in China because this country is the largest importer of fish meal in the world, accounting for 85% of Peru's fishmeal exports. The country's imports are shifting to identify alternative sources of supply. Currently in Europe, China mainly imported from Denmark by Iceland and Norway no fishmeal export licenses to these countries. However, the supply of fish meal Denmark big nor should China is a serious shortage of fish meal. 

Recently, there were reports that Vietnam traders have started shipping fishmeal Vietnam to the northern gate to sell to China, making the domestic price of fish meal is move up. 60% fishmeal and 65% nitrogen fertilizer warehouse in Kien Giang are being offered respectively at 26300-26850 / kg and 30000-30300 / kg, respectively tang800 - 1,350 VND / kg and 300 VND / kg compared to the week before. 

Chinese demand may be quite large by the end of year period fishmeal demand for aquatic food production of the country increased, while Peru's fishing service has not started. Thus, the Peruvian fishmeal price increases in the past month could make Chinese importers switch to imports from other countries instead, including Vietnam. 

However, during the period of this year and early next year the supply of fish meal by the sea no more mining ro service is the period from May to July 8. In the context of the demand for fish feed factory increased domestic production, plus consolidation needs to export to China, the more likely the price of fishmeal will increase quite strongly in the coming period.

The growth of domestic fish meal prices will make the food production plant for domestic products must bear greater costs for the purchase of raw materials, pushing up the cost of fisheries production increased.