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19 Jul 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 28)
- Fishmeal Inventory at port is 173,170 mt
- Weekly off take 32,970 mt
- Weekly arrival 27,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #28/2023
2) Today’s Price Indication (18 July 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,290 |
|
Canola Meal |
China |
36% |
3,890 |
|
DDGS |
USA |
26/28% |
2,880 |
|
Fishmeal |
Peru |
Super |
18,900-19,000 |
|
Fishmeal |
China |
63/150 |
17,300 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
6,000 |
|
MBM |
Australia |
Beef 48% |
6,000 |
|
PBM |
USA |
65% |
12,000 |
3) China Feed Production June 2023
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Jun 2023 (10,000 ton) |
2,629 |
2,450 |
109 |
59 |
|
+/- compare with May 2023 (%) |
-1.3 |
-1.3 |
-2.8 |
-0.6 |
|
+/-, compare with Jan to Jun 2022 (%) |
+9.6 |
+9.5 |
+5.6 |
+20.8 |
|
Total Jan-Jun 2023 (10,000 ton) |
14,930 |
13,866 |
667 |
336 |
|
+/- Cumulative Jan-Jun yr-on-yr (%) |
+7.0 |
+7.0 |
+2.2 |
+17.3 |
Comment:
In June 2023, the national industrial feed output is 26.29 million tons, a month-on-month decrease of 1.3% and a year-on-year increase of 9.6%. In the first half of 2023, the total output of national industrial feed is 149.3 million tons, a year-on-year increase of 7.0%.
As for fishmeal, the arrival of fishmeal has decreased at China main ports recently . Fishmeal RMB prices hit the historical high again. We are expecting, fishmeal Chinese market shall continue to be strong and meantimes waiting for fishing policy to be further clarified.
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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