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CFO News Weekly Update #51/52

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23 Dec 2020
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 51)
- Fishmeal Inventory at port is 122,640 mt 
- Weekly off take 15,300 mt
- Weekly arrival 10,640 mt
Full report, please click below link CFO China Feed Market Weekly Update #51 /2020

2)  Today’s Price Indication (22 December 2020 – Wk #52)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,240-3,300

Canola Meal

China

36%

2,610

Fishmeal

Peru

Super

11,400-11,500

Fishmeal

China

63/130

9,600

MBM

Uruguay/Argentina

beef 45%

4,600

MBM

Australia

beef 50%

4,400

PBM

USA

65%

7,800


Comments:
Fishmeal RMB cash market is continuing firm due to worry about less cargo shipped to Huangpu in coming Jan/Feb period.  However, the re-export to Huangpu port has be re-adjusted and some transit ports in Guangdong have conditions to operate during 20/Jan-21/Feb 2021.

Soybean meal in feeding pig, poultry, etc are having good demand in the whole year of 2020 except early Feb/March when Covid-19 very severe in China.  Soybean importing quantity is expected to reach historic high over 1000 million tons this year including total discharged 142 shipments (9.32 million tons) in Dec 2020.  The 2nd highest record is 9,554 million tons in year 2017.

3) MOARA Feed and Feed Additive Registration List

MOARA China Feed and Feed Additive Registration List No. 371 published. Total 72 facilities/151 products have been approved / renewed.
 

Also, according to MOARA announcement No. (2020) 1 requirement, since covid-19 pandemic, the license expiry date of 1 products has been extended to March 2021.

Full list is published at CFO License website, please click here


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
 

 

 

 



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