1) Weekly Report (Wk # 24)
- Fishmeal Inventory at port is 264,080 mt 
- Weekly off take 26,600 mt
- Weekly arrival 32,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #24/2021

2)  Today’s Price Indication (22 June 2021 – Wk #25)

Comments:
Per MOARA statistic in May 2021, live pig RMB prices declined 6.8% compared with previous week but 50.9% lower year-on-year. This is indicating that supply of pork meat is sufficient entering the 2nd quarter 2021. However, we still need to monitor the stock level of sow (female adult swine) in next months.

Fish & shrimp seedling in various regions in South have entered the peak season, and the stock of fish & shrimp is also approaching a lower point. In addition, due to continued spread of Covid-19, the import of frozen seafood is restricted. Driven by both ends of supply & demand. It is expected that high price of sea food products will continue till July & Aug when new supply of fish are launched in the market. At the same time, rising fish prices are expected to drive farmers to expand their breeding scale which will cause the higher demand of aquatic feeds.

However, we noted fishmeal cash RMB market is weak due to those fish & shrimp not entering high consumption fishmeal growing stage. But the high inventory at China main port is pretty negative factor at this moment so that we still need to continue monitoring aquatic breeding progress.
Below 2 tables indicating May & Jan-May feed production statistics:
Table 1 – China Feed Production May 2021

Table 2 – China Feed Production on different species May 2021

3) Importing Statistics/ May 2021
Major importing items including fishmeal, fish oil, MBM, PBM, Soybean. Please click here [CFO Statistics page] to take a look. 

Remark:  

This is a gentle reminder, for MOA China license renewal, the application should be submitted to Beijing 6 months prior to expire,  please contact CFO License Center earlier .  
Any queries, please email: license@21cfo.com