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We (CFO) are pleased to update below China FEED market information for you:
FISHMEAL SECTION
Cash trend of China fishmeal has been keeping steady at RMB12,900/ton at Shanghai port during the week while breeding activities remain common scale for the time being. As of recent performance of fishmeal off-take from China ports, it has clearly indicated a regular breeding scale during earlier spring. However, currency issue with its increasing landed costs and tariffs could keep pushing up RMB cash trend during Q2.
RMB Cash Market:
| 
				 国内主要港口秘鲁鱼粉参考报价表(元/吨)  | 
		||||
| 
				 港口 Ports  | 
			
				 品质规格  | 
			
				 周数  | 
			
				 周数  | 
			
				 环比变化 Changes  | 
		
| 
				 大连  | 
			
				 SD68% 超级  | 
			
				 12,900  | 
			
				 13,000  | 
			
				 +100  | 
		
| 
				 SD65%普通  | 
			
				 10,500  | 
			
				 10,600  | 
			
				 +100  | 
		|
| 
				 天津  | 
			
				 SD68% 超级  | 
			
				 12,900  | 
			
				 13,000  | 
			
				 +100  | 
		
| 
				 SD65%普通  | 
			
				 10,500  | 
			
				 10,600  | 
			
				 +100  | 
		|
| 
				 上海  | 
			
				 SD68% 超级  | 
			
				 12,800  | 
			
				 12,900  | 
			
				 +100  | 
		
| 
				 SD65%普通  | 
			
				 10,500  | 
			
				 10,600  | 
			
				 +100  | 
		|
| 
				 黄埔  | 
			
				 SD68% 超级  | 
			
				 12,800  | 
			
				 12,900  | 
			
				 +100  | 
		
| 
				 SD65%普通  | 
			
				 10,500  | 
			
				 10,600  | 
			
				 +100  | 
		|
FM Stock & Off-take:
| 
				 周中国主要港口进口鱼粉库存表(吨)  | 
		||||
| 
				 港口  | 
			
				 Wk #10  | 
			
				 Wk #09  | 
		||
| 
				 本周  | 
			
				 出库量  | 
			
				 入库量  | 
			
				 上周  | 
		|
| 
				 上海Shanghai  | 
			
				 46,070  | 
			
				 6,540  | 
			
				 5,400  | 
			
				 47,210  | 
		
| 
				 黄埔Huangpu  | 
			
				 146,910  | 
			
				 14,280  | 
			
				 18,000  | 
			
				 143,190  | 
		
| 
				 天津 Tianjin  | 
			
				 1,400  | 
			
				 140  | 
			
				 600  | 
			
				 940  | 
		
| 
				 大连Dalian  | 
			
				 6,750  | 
			
				 1,500  | 
			
				 1,400  | 
			
				 6,850  | 
		
| 
				 其他Other  | 
			
				 40,050  | 
			
				 2,710  | 
			
				 3,300  | 
			
				 39,460  | 
		
| 
				 合计Total Qty  | 
			
				 241,180  | 
			
				 25,170  | 
			
				 28,700  | 
			
				 237,650  | 
		
| 
				 上周鱼粉出库量  | 
			
				 23,310  | 
		|||
| 
				 来源: 饲料在线港口代表统计 Sources: CFO Port Agents  | 
		||||
China Domestic Fishmeal
| 
				 Updated: 10/Mar/2025  | 
			
				 Unit: RMB/mt  | 
		||
| 
				 国产鱼粉报价 Local Produced Fishmeal Price  | 
		|||
| 
				 Region  | 
			
				 Quality  | 
			
				 Wk #09  | 
			
				 Wk #10  | 
		
| 
				 Zhejiang  | 
			
				 63% / TVN 150 (semi-defatted)  | 
			
				 10,200  | 
			
				 10,200  | 
		
| 
				 65% / TVN 150 (semi-defatted)  | 
			
				 11,300  | 
			
				 11,300  | 
		|
| 
				 Shandong  | 
			
				 65% / TVN 100 (semi-defatted)  | 
			
				 11,100  | 
			
				 11,100  | 
		
White Fishmeal
| 
				 Updated: 10/Mar/2025  | 
			
				 Unit: RMB/mt  | 
		||
| 
				 白鱼粉报价White Fishmeal Price Report  | 
		|||
| 
				 Brand/Origin  | 
			
				 Wk #09  | 
			
				 Wk #10  | 
			
				 Changes  | 
		
| 
				 American Seafood  | 
			
				 15,000-15,500  | 
			
				 15,000  | 
			
				 -500  | 
		
| 
				 Russian WFM-60%-high pro  | 
			
				 14,000-14,500  | 
			
				 13,500-14,000  | 
			
				 -500  | 
		
| 
				 - An indication only, pricing range due to various quality, freshness and brand.  | 
		|||
	Fish Oil:
| 
				 Updated: 10/Mar/2025  | 
		|||
| 
				 鱼油离岸价格(美元/吨)  | 
		|||
| 
				 品质包装 Quality/Packing  | 
			
				 秘鲁Peru  | 
			
				 智利Chile  | 
		|
| 
				 粗制水产级散装  | 
			
				 Crude (Aqua Grade) Tank  | 
			
				 2,100-2,200  | 
			
				 2,500-2,600  | 
		
| 
				 粗制水产级桶装  | 
			
				 Crude (Aqua Grade) Drum  | 
			
				 --  | 
			
				 --  | 
		
| 
				 粗制水产级液体袋装  | 
			
				 Crude (Aqua Grade) Flexi Tank  | 
			
				 --  | 
			
				 --  | 
		
| 
				 粗制欧米茄3 桶装  | 
			
				 Omega 3: 28% EPA/DHA  | 
			
				 --  | 
			
				 --  | 
		
II. Animal Protein/Grain Sections
| 
				 肉骨粉参考价格 (人民币/吨)  | 
		|||||
| 
				 产地/包装  | 
			
				 蛋白  | 
			
				 周数  | 
			
				 周数  | 
			
				 船期 Shipment  | 
			
				 周变化 Changes  | 
		
| 
				 乌拉圭, 散装/牛  | 
			
				 45-47%  | 
			
				 4,500  | 
			
				 4,500  | 
			
				 04 2025  | 
			
				 --  | 
		
| 
				 澳大利亚, 散装/牛 Australia, Beef Bulk  | 
			
				 48%  | 
			
				 4,500  | 
			
				 4,500  | 
			
				 03 2025  | 
			
				 --  | 
		
| 
				 此价格每周更新非实盘仅供参考  | 
		|||||
| 
				 鸡肉粉参考价格 (人民币/吨)  | 
		|||||
| 
				 产地/包装  | 
			
				 蛋白  | 
			
				 周数  | 
			
				 周数  | 
			
				 船期 Shipment  | 
			
				 周变化 Changes  | 
		
| 
				 美国, 袋装  | 
			
				 65%  | 
			
				 8,300  | 
			
				 8,300  | 
			
				 04 2025  | 
			
				 --  | 
		
| 
				 此价格每周更新非实盘仅供参考  | 
		|||||
Soybean Meal
| 
				 Updated: 10/Mar/2025  | 
			
				 Unit: RMB/mt  | 
		|||
| 
				 China Soybean Meal Future Market Price  | 
		||||
| 
				 Contract Period  | 
			
				 Today Price  | 
			
				 1 weeks ago  | 
			
				 2 weeks ago  | 
			
				 3 weeks ago  | 
		
| 
				 May 2025  | 
			
				 2,937  | 
			
				 3,007  | 
			
				 2,905  | 
			
				 2,849  | 
		
| 
				 Sep 2025  | 
			
				 3,014  | 
			
				 3,062  | 
			
				 2,998  | 
			
				 2,948  | 
		
| 
				 Jan 2026  | 
			
				 3,043  | 
			
				 3,091  | 
			
				 3,037  | 
			
				 2,992  | 
		
We welcome your comments and inputs!
	CFO Reporter: Charles Wang
	Email: cfo@chinafeedonline.com
	 
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