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Article: Fish oil prices soar on tight supply. (Markets: Oils, Fats & Waxes).(Brief Article)(Statistical Data Included)
- Article from:
- Chemical Market Reporter
- Article date:
- April 22, 2002
- Author:
CopyrightCOPYRIGHT 2002 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PRICES FOR fish oil worldwide are gaining in the wake of lower catches in the major producing countries, which have greatly reduced stocks for fish byproducts, fish meal and fish oil. Premium prices over soybean oil have risen in the past three months and have reached up to $600 per ton to $620 per ton in Northwest Europe. In the US, crude fish oil is currently selling for 22 cents per pound.
The first six weeks of this year showed continuation of the overall lower catches experienced late last year in the five major producing! exporting countries--Chile, Peru, Den-mark, Iceland and Norway, according to the UK-based International Fish meal and Fish Oil ...