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Article: Fish Oil price remains firm on tight supply and strong demand. (Oils, Fats & Waxes).(Industry Overview)
- Article from:
- Chemical Market Reporter
- Article date:
- April 7, 2003
- Author:
CopyrightCOPYRIGHT 2003 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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THE FISH OIL market is facing strong demand and tight supply, and the upward pricing pressures witnessed over the past two years continue. Despite slightly higher overall catches in the major fish-producing countries in 2002 compared to 2001, supply remains tight. Fish oil demand in all major end-use markets, especially in aquaculture, strengthened in 2002, and many pending contracts in the industry continue.
"There's hardly any available fish oil currently in the world," one industry source says. "Most of the supply has been in the spot market for a while. The Peruvians, the largest fish oil producer globally, are scheduled to start fishing this month, but it's ...