Strong demand and
supply constraints are expected to underpin fish oil price
According to Globefish Fish oil price is expected to hold in
the first quarter of 2014, based on strong aquaculture demand coupled with
supply constraints in the anchovy fisheries of Latin America. The Gulf menhaden
fishery is anticipated to maintain its high level of fish oil supply and
exports achieved in 2013, based on a recent positive stock assessment that
recommends harvests can be kept at current levels.
Rising price trend continues as a result of strong demand for fishmeal
Long-term supplies of whole fish from wild sources available
for fishmeal are falling due to political decisions regarding a number of
important stocks for which direct human consumption is seen as preferable over
reduction to fishmeal, according to Globefish.
Windfall as Lunar New
Year perks up demand for tilapia in Asia
Strong festival demand for live tilapia during the Lunar New
Year is keeping the current market strong in Asia. Prices at retail and in
restaurant trade have strengthened by 50% in January creating nice bonus
windfall for farmers.
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