Welcome to global CFO

12 May 2026

Sources:

CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

Cash trend of China fishmeal has been keeping uptrend by showing itself at a range of RMB19,200/ton at Shanghai port during the week while RMB market has just returned from May 1^st Labor Day holiday. However, anchovy fishing looks hesitated so far due to high incidence of juveniles with its related ban of fishing. Such slowing down fishing status would measurably keep cash trend up during summer where could relatively reduce inventory at China ports after Q3.

RMB Cash Market:

国内主要港口秘鲁鱼粉参考报价表（元/吨） China Peruvian Fishmeal Cash Market by Ports (RMB/mt)
港口 Ports	品质规格 Quality	周数 Week #18	周数 Week #19	环比变化 Changes
大连 Dalian	SD68%超级	19,000	19,100	+100
大连 Dalian	SD65%普通	17,500	17,600	+100
天津 Tianjin	SD68%超级	19,000	19,100	+100
天津 Tianjin	SD65%普通	17,500	17,600	+100
上海 Shanghai	SD68%超级	19,000	19,100	+100
上海 Shanghai	SD65%普通	17,500	17,600	+100
黄埔 Huangpu	SD68%超级	19,000	19,100	+100
黄埔 Huangpu	SD65%普通	17,500	17,600	+100

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FM Stock & Off-take:

周中国主要港口进口鱼粉库存表（吨） China Fishmeal (Stock & Off Take) Weekly Status (mt)
港口 Ports	Wk #19			Wk #18
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	35,070	3,700	5,000	33,770
黄埔Huangpu	97,370	11,140	13,000	95,510
天津Tianjin	500	50	100	450
大连Dalian	5,870	390	400	5,860
其他Other	37,810	1,880	1,600	38,090
合计Total Qty	176,620	17,160	20,100	173,680
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				31,070
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 11/May/2026			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #18	Wk #19
Zhejiang	63% / TVN 150 (semi-defatted)	17,300	17,300
Zhejiang	65% / TVN 150 (semi-defatted)	17,800	17,800
Shandong	64% / TVN 150 (semi-defatted)	17,500	17,500

White Fishmeal

Updated: 11/May/2026			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #18	Wk #19	Changes
American Seafood	19,500	19,500	--
Russian WFM-60%-high pro	19,000	19,000	--
- An indication only, pricing range due to various quality, freshness and brand. - Above prices are importing duties paid.

Fish Oil:

Updated: 11/May/2026
鱼油离岸价格（美元/吨） Fish oil Market FOB Price (USD/mt)
品质包装 Quality/Packing		秘鲁Peru	智利Chile
粗制水产级散装	Crude (Aqua Grade) Tank	4,500-4,600	3,700-3,800
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	--	3,800-,3900

II. Animal Protein/Grain Sections

肉骨粉参考价格（人民币/吨） Meat and Bone Meal Price Ideas (RMB/mt)
产地/包装 Origin/Packing	蛋白 Protein	周数 Wk #18	周数 Wk #19	船期 Shipment	周变化 Changes
乌拉圭/阿根廷, 散装/牛 Uruguay/Argentina, Beef Bulk	45-47%	4,900	5,300	05 06 2026	+ 400
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,900	5,000	05 06 2026	+ 100
此价格每周更新非实盘仅供参考 Price is updated weekly just an indication for reference only

鸡肉粉参考价格（人民币/吨） Poultry Meal Price Ideas (RMB/mt)
产地/包装 Origin/Packing	蛋白 Protein	周数 Wk #18	周数 Wk #19	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	9,500	9,800	05 06 2026	+ 300
此价格每周更新非实盘仅供参考 Price is updated weekly just an indication for reference only

Soybean Meal

Updated: 11/May/2026				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
May 2026	2,832	2,820	2,832	2,826
Sep 2026	3,039	3,007	2,993	2,967
Jan 2027	3,085	3,050	3,035	3,013