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09 May 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 18)
- Fishmeal Inventory at port is 269,230 mt
- Weekly off take 27,680 mt
- Weekly arrival 28,700 mt
Full report, please click below link CFO China Feed Market Weekly Update #18/2024
2) Today’s Price Indication (08 May 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,470 |
|
Canola Meal |
China |
36% |
2,890 |
|
DDGS |
USA |
26/28% |
2,290 |
|
Fishmeal |
Peru |
Super |
16,100-16,500 |
|
Fishmeal |
China |
63/150 |
11700 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
4,700 |
|
MBM |
Australia |
Beef 48% |
4,800 |
|
PBM |
USA |
65% |
8,300 |
Today Comments:
The current inventory at China main ports is high, and the poor demand for fishmeal still limits the fishmeal RMB market. The price of Peruvian super prime fishmeal continues to fall by about RMB 100/mt about this week, with actual transactions dominated by negotiation. It is expected fishmeal market is mainly weak and consolidated in coming weeks.
3) China Feed Production March 2024
|
Item |
Total |
Compound |
Concentrate |
Additive |
|
Total March 2024 |
2,460 |
2,276 |
115 |
56 |
|
Changes compare with Feb 2024 (%) |
+24.0 |
+22.0 |
+55.5 |
+56.5 |
|
Changes compare with Mar 2023 (%) |
-3.2 |
-3.5 |
-0.2 |
-1.7 |
|
Total Jan-Mar 2024 |
6,896 |
6,393 |
307 |
159 |
|
changes Cumulative |
-3.4 |
-3.5 |
-7.1 |
+1.7 |
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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