1) Weekly Report (Wk # 05)
- Fishmeal Inventory at port is 172,820 mt 
- Weekly off take 13,520 mt
- Weekly arrival 8,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #05/2023

2) Today’s Price Indication (8 February 2023)

Comment:
Chinese market is getting back to normal in terms of consumption after Covid-19 & CNY.
Also, currency is stabilized at about @6.8 level which is benefited for all imported goods selling price.
Fishmeal: continuing steady without much changes.
MBM: demand switched to mainly pet food products and price indication at RMB 6,300/mt level. However, Qingdao port authority is very strictly in checking salmonella from Uruguay and Argentina at present. If there is any cargo found salmonella which must be returned to origin or destroyed no fumigation allowed as before. 
PBM: importing quantity largely reduced but demand is good as usual. Most of sales done at RMB 10,300 /mt about.

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