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27 Jun 2024
Sources:
CFO Exclusive
1) Weekly Report (Wk #25)
- Fishmeal Inventory at port is 211,610 mt
- Weekly off take 28,470 mt
- Weekly arrival 19,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #25/2024
2) Today’s Price Indication (26 June 2024)
| Products | Origin | Quality | RMB/mt |
| SBM | China | 43% | 3,260 |
| Canola Meal | China | 36% | 2,600 |
| DDGS | USA | 26/28% | 2,290 |
| Fishmeal | Peru | Super | 15,900-16,100 |
| Fishmeal | China | 63/150 | 12,000 |
| MBM | Uruguay/Argentina | beef 45% | 4,700 |
| MBM | Australia | beef 48% | 4,800 |
| PBM | USA | 65% | 8,300 |
Today Comments:
Per data released by the China Feed Industry Association showed that in April 2024, the national industrial feed output was 24.23 million tons, a decrease of 1.5% month-on-month and a year-on-year decrease of 7.9%; of which compound materials fell 7.4% year-on-year.
As for Peruvian fishmeal, demand is weak and RMB prices adjusted lower this week. Overall, feed industry is recovering very slowly.
3) Importing Statistics / May 2024
Major importing items including Fishmeal, Fish oil, MBM, PBM, Soybean, Canola Meal.
Please click here [CFO Statistics Page] to take a look.
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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