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CFO News Weekly Update # 40-41

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13 Oct 2022
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 40)
- Fishmeal Inventory at port is 197,370 mt 
- Weekly off take 68,710 mt
- Weekly arrival 66,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #40/2022

2) Today’s Price Indication (12 October 2022)

Products

Origin

Quality

RMB/mt

SBM

China

43%

5,400

Canola Meal

China

36%

4,240

DDGS

USA

26/28%

2,890

Fishmeal

Peru

Super

13,100-13,500

Fishmeal

China

63/150

11.000

MBM

Uruguay/Argentina

Beef 45%

6,000

MBM

Australia

Beef 50%

6,000

PBM

USA

65%

9,800

Comment:
SBM: Limited supply of soybean / Mississippi River delay shipment supported meal prices continuing firm. However, peak demand season is ending except southern China so that SBM RMB prices shall be remained at current level coming week. 

Canola Meal: The supply of soybean meal is tight, and the substitution effect of rapeseed / canola meal is obvious. The stock of rapeseed meal has dropped for seven consecutive weeks. However, the peak season of aquatic products is basically over, and the expected demand for rapeseed meal is limited, which also restrains the price of rapeseed meal. At present, the price of common rapeseed meal in coastal areas is 4040-4430 RMB per ton.

Fishmeal: At present, the fishmeal market is firm and the port fishmeal inventory is showing a slow increase. However, the cost side plays a certain role in supporting the price of fishmeal.

3) MOARA Feed and Feed Additive Registration List
MOARA China Feed and Feed Additive Registration List No. 605 published. 
Total 93 facilities /188 products have been approved / renewed.
Full List is published at CFO License website, please [click here]

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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