1) Weekly Report (Wk # 48)
- Fishmeal Inventory at port is 195,310 mt 
- Weekly off take 15,760 mt
- Weekly arrival 30,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #48/2023

2) Today’s Price Indication (6 December 2023)

Today Comments:
Soybean Meal: Supply of soybeans Meal is increasing and the demand is weak, as such soybean meal inventory in China is continuing to rise.

Canola Meal: The peak season for aquaculture has ended, and the overall consumption of canola meal continues to show a downward trend but RMB selling prices are still at higher end. 

Fishmeal: Due to the high supply pressure of low-protein fishmeal the overall market transactions are poor, and the fishmeal market remains under pressure including local produced fishmeal. At present, fishmeal inventory in China main ports have climbed close to the 200,000 tons. Foresee the short-term fishmeal RMB market continues weak.

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