18 Sep 2020

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CFO News Weekly Update #36/37

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16 Sep 2020
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 37)
- Fishmeal Inventory at port is 75,130 mt 
- Weekly off take 39,200 mt
- Weekly arrival 29,700 mt
Full report, please click below link CFO China Feed Market Weekly Update #37 /2020

2)  Today’s Price Indication (15 September 2020 – Wk #38)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,040-3,110

Canola Meal

China

36%

2,380

Fishmeal

Peru

Super

11,200-11,500

Fishmeal

China

63/130

9,500

MBM

Uruguay/Argentina

beef 45%

4,300

MBM

Australia

beef 50%

4,200

PBM

USA

65%

7,600

Comments:
Soybean MealDue to strong export demand for US soybean; cost of US soybean is rising and Mid-Autumn Festival and National Day are approaching, users are starting cover sufficient materials before holidays. In view of above various factors, SBM RMB cash market shall be firm in coming weeks before 1st of Oct long holidays.

 

Fishmeal: Inventory is continuing declining so that RMB cash market is stabilized even though demand is not very strong when aqua season is ending soon.

 

Rapeseed meal: Inventory is in recent 3 months low.  However, the current peak aquaculture season has gradually ended and the demand of Rapeseed meal is significantly low.  In terms of prices, foresee it will follow the strong performance of SBM in the short term.


3) 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


Sincerely yours,
Charles Wang
Tel: 852- 2871 0708 
Email: cfo@chinafeedonline.com
ChinaFeedOnline.com.hk/ChinaFeedOnline.com>> Your gateway to the China feed market
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