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04 Jan 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 01)
- Fishmeal Inventory at port is 226,850 mt
- Weekly off take 19,600 mt
- Weekly arrival 24,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #01/2024
2) Today’s Price Indication (3 January 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,860 |
|
Canola Meal |
China |
36% |
2,830 |
|
DDGS |
USA |
26/28% |
2,180 |
|
Fishmeal |
Peru |
Super |
17,300-17,400 |
|
Fishmeal |
China |
63/150 |
11,200 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,500-5,600 |
|
MBM |
Australia |
Beef 48% |
5,500-5,600 |
|
PBM |
USA |
65% |
7,800 |
Today Comments:
The domestic imported fishmeal market is stable, with current China main ports fishmeal inventory reaching over 220,000 tons. Poultry meal RMB cash market is also stabilized and starting rebound.
As for Soybean meal total fall by 18.05% in 2023. Although domestically, the demand for soybean meal for livestock and poultry feed has entered the peak season of the year. Poor breeding profits and weak market conditions have made feed breeding companies cautious in entering market. It is expected that soybean meal will continue to be weak in coming weeks.
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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