02 Dec 2020

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CFO News Weekly Update #43/44

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28 Oct 2020
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 43)
- Fishmeal Inventory at port is 108,540mt 
- Weekly off take 28,690mt
- Weekly arrival 39,240mt
Full report, please click below link CFO China Feed Market Weekly Update #43 /2020

2)  Today’s Price Indication (28 October 2020 – Wk #44)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,260-3,360

Canola Meal

China

36%

2,460

Fishmeal

Peru

Super

11,800-12,000

Fishmeal

China

63/130

9,000

MBM

Uruguay/Argentina

beef 45%

4,500

MBM

Australia

beef 50%

4,400

PBM

USA

65%

7,600


comments:

- Fishmeal RMB cash market is claiming up RMB 200-300/mt this week since Peru producers increased US$30/mt and not willing to offer new parcel.  Chinese domestic FM 63%/150TVM is also firm & sold RMB 9200-9300/mt.  We shall continuing keep monitoring Peru fish resources in coming week.   

 

Poultry by Product meal  is at low inventory at China main ports so  buyers are having high intention to import at this moment for preparing coming spring season production. 

 

Soybean Meal is having pressure to move further higher under the pressure of high inventory & large quantity of soybean arrived China.  As for live pig breeding stock is continuing recovering so the demand of SBM is have support in Chinese market.

 

Canola meal is entering low demand and limited supply season, and inventory of canola meal at this moment is low in Chinese market and aquatic season is ending. Basically, canola meal price movement is following SBM tendency.  


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.hk /cfo@chinafeedonline.com
ChinaFeedOnline.com.hk/ChinaFeedOnline.com>> Your gateway to the China feed market
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