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CFO News Weekly Update #30/31

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29 Jul 2020
Sources: 
CFO Exclusively

We are pleased to inform you that the latest reports just published at CFO website

1) Weekly Report (Wk # 30)
- Fishmeal Inventory at port is 91,020 mt 
- Weekly off take 16,030 mt
- Weekly arrival 13,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #30 /2020

2)  Today’s Price Indication (29 July 2020 – Wk #31)

Products

Origin

Quality

RMB/mt

SBM

China

43%

2,940-3,000

Canola Meal

China

36%

2,370

Fishmeal

Peru

Super

13,300-13,500

Fishmeal

China

63/130

9,800

MBM

Uruguay/Argentina

beef 45%

4,600

MBM

Australia

beef 50%

4,500

PBM

USA

65%

7,800

Comments:
Soybean supply is sufficient due to over 11 million tons soy improved in Jun and shall be same in July/Aug 2020.

Foresee SBM cash market RMB price is steady but a bit softer in coming weeks.  As for fishmeal, fishing in Peru is moving well than expected.

However, in China aquaculture feed demand is slow so that fishmeal cash market RMB price is having a big room to negotiate though indication is not much changed.  


3) Importing Statistics/June

Major importing items including fishmeal, fish oil, MBM, PBM, Soybean, DDGS . Please click here [CFO Statistics page] to take a look. 
 

4) China license:   
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 .  

 



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