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28 Jul 2022
Sources:
CFO Exclusively
1) Weekly Report (Wk # 29)
- Fishmeal Inventory at port is 204,310 mt
- Weekly off take 32,510 mt
- Weekly arrival 19,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #29/2022
2) Today’s Price Indication (27 July 2022)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,200 |
|
Canola Meal |
China |
36% |
3,510 |
|
DDGS |
USA |
26/28% |
2,680 |
|
Fishmeal |
Peru |
Super |
13,100-13,400 |
|
Fishmeal |
China |
63/150 |
11,000 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,900 |
|
MBM |
Australia |
Beef 50% |
5,800 |
|
PBM |
USA |
65% |
9,300 |
3) National Feed Production Status
Table 1 – China Feed Production June 2022
|
item |
Total |
Compound |
Concentrate |
Additive |
|
June 2022 (10,000 ton) |
2,332 |
2,170 |
106 |
47 |
|
+/- compare with May 2022 (%) |
-0.8 |
-0.8 |
-1.4 |
-0.3 |
|
+/- compare with Jan to Jun 2021 (%) |
-9.4 |
-9.3 |
-10.7 |
-12.7 |
|
Total Jan-Jun 2022 (10,000 ton) |
13,653 |
12,670 |
651 |
279 |
|
+/- Cumulative Jan-Jun yr-on-yr % |
-4.3 |
-3.4 |
-18.8 |
-9.5 |
Table 2 – China Feed Production on different species June 2022
|
item |
Pig |
Egg |
Meat |
Aqua |
Ruminant |
Pet |
Other |
|
Jun 2022 (10,000 ton) |
945 |
248 |
701 |
295 |
117 |
10 |
17 |
|
+/- compare with May 2022 (%) |
-4.1 |
-3.9 |
-1.7 |
+16.9 |
+0.1 |
-3.5 |
+2.4 |
|
+/- compare with Jan to Jun 2021 (%) |
-12.4 |
-6.4 |
-14.9 |
+11.8 |
+3.3 |
+13.4 |
-21.8 |
|
Total Jan-Jun 2022 (10,000 ton) |
6,031 |
1,546 |
4,114 |
1,089 |
724 |
53 |
95 |
|
+/- Cumulative Jan-Jun yr-on-yr % |
-6.8 |
-4.0 |
-6.7 |
+21.1 |
+2.8 |
+4.9 |
-24.8 |
Comment:
In June 2022, total industrial feed output was 23.32 million tons, down 0.8% month-on-month and 9.4% year-on-year.
Output of pig feed in June declined 9.45% comparison with May 2022 and 12.4% down year-on-year.
However, the aquatic feed production is having good performance with a month-on-month increase of 16.9% and a year-on-year increase of 11.8%.
Basically, China is facing 2 major issues in the feed industry, i.e. getting larger shortage of raw material from soybean to more grains (feed grade) and also the very low conversion rate of feed resources still.
We expected overall feed demand is to decline in year 2022.
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
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