1) Weekly Report (Wk # 34)
- Fishmeal Inventory at port is 104,940 mt 
- Weekly off take 24,500 mt
- Weekly arrival 27,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #34 /2020

2)  Today’s Price Indication (25 August 2020 – Wk #35)

Comments:
Huge Pork gap in China - The pork output in 2019 was 42.55 million tons (21.3% down a year-on-year).  As a result, the price of live pigs and pork continuing moving high.  Largely importing pork meat is one of the solution from Russia, USA..etc.  Per MOARA (Ministry of Agriculture and Rual Affairs) also clearly pointed out that this year’s pork imports will increase by more than 1 million tons compared with 2019.  In 2019, total importing qty 2.1 millions tons which was 5.5% market share in total pork meat consumption. Chinese Authorities are not only reducing tax but also encouraging enterprises to build up frozen warehouse as well.

Per China Customs record, most of feed ingredients importing quantity is also largely increased since 2nd Quarter 2020.  Below is importing qty of Jun 2020.
- Feed Grain (Corn/Barley/Sorghum/DDGS) 2.06 million tons + 44.8% (month-on-month), +114.4% (yr-on-yr)
- Feed Protein (SBM/Canola meal/fishmeal) 0.834 million tons + 35.0% (month-on-month), +73.7% (yr-on-yr)

Fishmeal - demand is weak still aquaculture is seriously affected by heavy rain weather in Southern China. 

3) GAC Approved List Updated
Russia Fishmeal/Fishoil Facilities - Total 114 plants- validit till June 2025
 

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 .  

Any queries, please email: license@21cfo.com