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10 Aug 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 31)
- Fishmeal Inventory at port is 147,380 mt
- Weekly off take 32,890 mt
- Weekly arrival 18,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #31/2023
2) Today’s Price Indication (9 August 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,650 |
|
Canola Meal |
China |
36% |
3,840 |
|
DDGS |
USA |
26/28% |
2,960 |
|
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:
Benefit from the rising prices of soybean meal, fishmeal and other proteins, the major feed makers have increased finished feed products prices.
In terms of domestic fishmeal, the strong boost of imported fishmeal and the relatively limited supply have led to a simultaneous rise in the price of domestic fishmeal. The price indication of domestic fishmeal with 63% protein TVN150 in Rongcheng, Shandong (main local fishmeal production area) is at 17,300 RMB/mt, and the fishmeal market is expected to continue to be supported in the short term. Prices to be remain strong.
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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