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03 Aug 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 30)
- Fishmeal Inventory at port is 161,770 mt
- Weekly off take 32,050 mt
- Weekly arrival 34,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #30/2023
2) Today’s Price Indication (2 August 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,480 |
|
Canola Meal |
China |
36% |
3,780 |
|
DDGS |
USA |
26/28% |
2,940 |
|
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 |
Comment:
Soybean meal RMB market is continuing strong. Also, fishmeal traders stand firm and wait and see. The price of imported Peruvian super prime some indication exceeds 19,000/mt and the transaction price is negotiated. At the same time, the inventory of fishmeal in the port continued to decline until around 160,000 mt and the fishmeal market is expected to be remaining firm in the short term.
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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