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16 Aug 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 32)
- Fishmeal Inventory at port is 136,890 mt
- Weekly off take 28,490 mt
- Weekly arrival 18,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #32/2023
2) Today’s Price Indication (15 August 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,720 |
|
Canola Meal |
China |
36% |
3,900 |
|
DDGS |
USA |
26/28% |
2,960 |
|
Fishmeal |
Peru |
Super |
18,800-19,000 |
|
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:
The imported fishmeal RMB prices is negotiable as Chinese traders like to sell & take profit at current good prices. As such, the inventory of fishmeal in China's ports continued to drop. Actual transaction RMB prices is about 1-200/mt lower than asking. Short-term fishmeal holders have a strong willingness to take the profit and left market.
As for SBM, it is continuing firm under the condition that less soy arriving China and good demand from pig feed.
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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