22 Jan 2021

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CFO News Weekly Update #01/02

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14 Jan 2021
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 01)
- Fishmeal Inventory at port is 94,820 mt 
- Weekly off take 18,340 mt
- Weekly arrival 5,980 mt
Full report, please click below link CFO China Feed Market Weekly Update #01/2020

2)  Today’s Price Indication (12 January 2021 – Wk #02)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,770-3,850

Canola Meal

China

36%

2,840

Fishmeal

Peru

Super

11,400-12,100

Fishmeal

China

63/130

9,500

MBM

Uruguay/Argentina

beef 45%

4,700

MBM

Australia

beef 50%

4,500

PBM

USA

65%

7,800


Comments:
Pork Meat: China imported 330,000 tons of pork in Nov 2020 and total from Jan-Nov 2020 reached 3.95 million tons, a year-on-year of 115% far exceed the total import volume in 2019 ( 2.1 million tons).
 

Total meat: From Jan - Nov 2020, China imported total 8.947 million tons of meat including offal (including 775,000 tons in Nov 2020). In order to stabilize the high-price of meat, the country continued to release frozen meat from warehouse, and year 2020 total about 650,000 tons frozen meat supply from there.
 

SBM:  increased RMB 100-200/mt this week and other protein meal is also firm before Chinese New Year.


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
 



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