1) Weekly Report (Wk # 07)
- Fishmeal Inventory at port is 175,240 mt 
- Weekly off take 22,930 mt
- Weekly arrival 23,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #07/2023

2) Today’s Price Indication (23 February 2023)

Comment:
The output of soybean meal is relatively large, but the efficiency of pig breeding is not good. Downstream feed farming enterprises are not optimistic about the market outlook. After gradually entering the off-season of consumption, the demand for soybean meal is limited, and the inventory of soybean meal continues to rise. Oil plants will cut production or shut down in Feb/March. 

As for fishmeal, in the short term, under the strong support of Peruvian FM market, the price of RMB fishmeal continues to be firm and stable. Poultry meal demand is good as usual but supply is tight due to bird flu. Per China customs statistics, total poultry meal imported to China is largely reduced to 190,806 mt in year 2022 from 220,506 mt (2021) & 240,822 mt (2020) respectively.

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