We are pleased to update you the current China FEED market information as below:

I. FISHMEAL /FISHOIL SECTION
CHINA
Cash trend of China fishmeal market is still lack of strengthening up facts contributed by China aquatic feeding with its fishmeal consumption during the week. According to CFO information, China fishmeal off-take from ports during the week couldn’t continue to exceed 20k tons the basic doorstep to move into so-called high season but returned to drop nearly 5k tons. CFO has learnt that was resulted from anxieties about downward trend of RMB super prime products in upcoming months.

For Shanghai port instance, cash trend of China fishmeal has reduced RMB500/ton in a week and that’s still not big enough to gain up fishmeal demand in a short term. Local feeds producers have been moving steps to utilize poultry meal products instead in order to earn more payback during the stage while spring aquatic feeding has just begun. Based on such environment, CFO would like to point out fishmeal off-take from main ports would not be so strong until end of April.

Ecuador

7.8-magnitude quake has injured Ecuador. The most powerful quake in decades hits this nation’s Pacific coast and all six coastal provinces are under state of emergency. Governmental authority says that exports of FISH, cocoa beans, bananas and flowers could be severely delayed because of impassable roads and hold-ups facilities at ports.

Besides the above industries where were damaged by quake, the quality SHRIMP feeding with its products exports to the world and China has also been injured. The existing world biggest shrimp export business belongs to Ecuador, however the related activity would be influenced after the quake.

FM RMB Cash Market

Updated: 18/Apr/2016