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CFO News Weekly Update #39/40

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30 Sep 2020
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 39)
- Fishmeal Inventory at port is 57,660 mt 
- Weekly off take 38,030 mt
- Weekly arrival 28,400 mt
Full report, please click below link CFO China Feed Market Weekly Update #39 /2020

2)  Today’s Price Indication (29 September 2020 – Wk #40)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,020-3,090

Canola Meal

China

36%

2,390

Fishmeal

Peru

Super

11,200-11,300

Fishmeal

China

63/130

9,100

MBM

Uruguay/Argentina

beef 45%

4,400

MBM

Australia

beef 50%

4,300

PBM

USA

65%

7,600

Comments:
-Fishmeal:  Inventory at China main ports is historic low, cash market is remain firm.  As for domestic production fishmeal 63% TVN 150 level is selling about RMB 9100/mt level.  Foresee fishmeal cash RMB market is to be continuing remain at current level for coming weeks.

-Corn: Per GACC statistics, from Jan-Aug 2020 total China imported 5.59 millions tons of maize which is hit the 30 years high.  And per China National Grain & Oil Info Center recent estimation,  total shortage of maize during year 2020/2021 (Oct- Sept) is 25 millions tons about based on total consumption 293 millions tons annually. 

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

4) GAC Approved List Updated
Malaysia Fishmeal/Fishoil Facilities - Total 7 plants
USA Non-Ruminant Animal Feed/Tallow Facilities - Total 78 plants- valid till August 2025
USA Pet Food Facilities - Total 38 plants - Valid till September 2025
Italy Pet Food Facilities - Total 16 plants - Valid till May 2025


5) 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

 



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