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20 Apr 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 15)
- Fishmeal Inventory at port is 234,710 mt
- Weekly off take 21,570 mt
- Weekly arrival 33,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #15/2023
2) Today’s Price Indication (19 April 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,430 |
|
Canola Meal |
China |
36% |
3,140 |
|
DDGS |
USA |
26/28% |
2,720 |
|
Fishmeal |
Peru |
Super |
13,700-14,000 |
|
Fishmeal |
China |
63/150 |
12,300 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
6,300 |
|
MBM |
Australia |
Beef 48% |
6,300 |
|
PBM |
USA |
65% |
10,500-10,700 |
3) China Feed Production March 2023
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Total Mar 2023 |
2,511 |
2,329 |
112 |
59 |
|
Changes, compare with Mar 2022 (%) |
+10.4 |
+10.6 |
+3.3 |
+14.8 |
|
Changes, compare with Mar 2022 (%) |
+5.5 |
+5.1 |
+6.1 |
+19.6 |
|
Total Jan-Mar 2023 |
7,052 |
6,542 |
342 |
158 |
|
changes Cumulative |
+3.0 |
+3.3 |
-7.0 |
+11.8 |
Comments:
Based on above statistics , National feed production is 25.11 million tons in March , a month-on-month increase of 10.4% and a year-on-year increase of 5.5%.
Soybean Meal: Demand of SBM increasing which leads to the temporary supply shortage of soybean meal. Soy crushing mills and traders has taken this opportunity to increase the RMB prices.
Fishmeal : inventory at China main ports is increasing but fishmeal RMB price is moving up about RMB 100/mt mainly due to worry about lower quota coming season in Peru
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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