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1) Weekly Report (Wk # 38)
	- Fishmeal Inventory at port is 343,450 mt
	- Weekly off take 22,660 mt
	- Weekly arrival 31,000 mt
	Full report, please click below link CFO China Feed Market Weekly Update #38/2024
	
	2) Today’s Price Indication (25 September 2024)
| 
				 Products  | 
			
				 Origin  | 
			
				 Quality  | 
			
				 RMB/mt  | 
		
| 
				 SBM  | 
			
				 China  | 
			
				 43%  | 
			
				 3,130  | 
		
| 
				 Canola Meal  | 
			
				 China  | 
			
				 36%  | 
			
				 2,520  | 
		
| 
				 DDGS  | 
			
				 USA  | 
			
				 26/28%  | 
			
				 2,060  | 
		
| 
				 Fishmeal  | 
			
				 Peru  | 
			
				 Super  | 
			
				 13,600-13,700  | 
		
| 
				 Fishmeal  | 
			
				 China  | 
			
				 63/150  | 
			
				 10,300  | 
		
| 
				 MBM  | 
			
				 Uruguay/Argentina  | 
			
				 Beef 45%  | 
			
				 4,300  | 
		
| 
				 MBM  | 
			
				 Australia  | 
			
				 Beef 48%  | 
			
				 4,300  | 
		
| 
				 PBM  | 
			
				 USA  | 
			
				 65%  | 
			
				 7,800-8,000  | 
		
	Today Comments:
	In China, imported fishmeal continues to be under pressure. Fishmeal inventory at China main ports continue to rise & reach to about 350,000 tons. Demand is restricted and sales is poor. At present, the RMB price of Peruvian super prime fish meal has dropped by 100 yuan/ton today !!! We are expected fishmeal Chinese market will continue to be weak.
	
	Other animal proteins including MBM & Poultry meal imported quantity from Jan -Aug 2024 also largely reduced more than 18% comparison with previous year. Full details of importing statistics please check the link as below:
	
	3) China Feed Production August 2024
| 
				 Item  | 
			
				 Total  | 
			
				 Compound  | 
			
				 Concentrate  | 
			
				 Additive  | 
		
| 
				 Aug 2024 (10,000 ton)  | 
			
				 2,783  | 
			
				 2,606  | 
			
				 105  | 
			
				 60  | 
		
| 
				 +/- compare with Jul 2024 (%)  | 
			
				 +5.0  | 
			
				 +4.9  | 
			
				 +5.8  | 
			
				 +7.2  | 
		
| 
				 +/- compare with Jan to Aug 2023 (%)  | 
			
				 -5.7  | 
			
				 -5.0  | 
			
				 -21.2  | 
			
				 -2.6  | 
		
| 
				 Total Jan-Aug 2024 (10,000 ton)  | 
			
				 19,826  | 
			
				 18,477  | 
			
				 914  | 
			
				 457  | 
		
| 
				 +/- Cumulative Jan-Aug yr-on-yr %  | 
			
				 -3.4  | 
			
				 -3.1  | 
			
				 -11.6  | 
			
				 -2.6  | 
		
4) Importing Statistics / August 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@chinafeedonline.com.hk
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