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28 Mar 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 12)
- Fishmeal Inventory at port is 200,490 mt
- Weekly off take 18,880 mt
- Weekly arrival 24,400 mt
Full report, please click below link CFO China Feed Market Weekly Update #12/2024
2) Today’s Price Indication (27 March 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,550 |
|
Canola Meal |
China |
36% |
2,660 |
|
DDGS |
USA |
26/28% |
2,330 |
|
Fishmeal |
Peru |
Super |
16,600-16,800 |
|
Fishmeal |
China |
63/150 |
12,500 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
4,800 |
|
MBM |
Australia |
Beef 48% |
4,900 |
|
PBM |
USA |
65% |
8,500 |
3) Importing Statistics / Jan-Feb 2024
Major importing items including Fishmeal, Fish oil, MBM, PBM, Soybean, Canola Meal.
Please click here [CFO Statistics Page] to take a look.
4) China Feed Production Jan-Feb 2024
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Total Jan 2024 |
2,452 |
2,251 |
119 |
68 |
|
Total Feb 2024 |
1,984 |
1,866 |
74 |
36 |
|
Jan - Feb 2024 Average |
2,218 |
2,058 |
96 |
52 |
|
+/- compare with Jan to Dec 2023 (%) |
-16.6 |
-16.2 |
-21.2 |
-21.6 |
|
Total Jan-Feb 2024 |
4,437 |
4,117 |
193 |
103 |
|
changes Cumulative |
-3.6 |
-3.6 |
-10.8 |
+3.7 |
Today Comments:
Imported fishmeal RMB price fell slightly at about RMB 100/mt and inventory at China main ports continued to increase to more than 200,000 tons. The fishmeal local traders were under pressure due to poor demand. At present, Peruvian super prime dropped by RMB100/mt. In the short term, it is expected that fishmeal inventory is to continue to increase, and the fishmeal market continues to be under pressure.
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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