09 Mar 2021

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CFO News Weekly Update #04/05

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04 Feb 2021
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 04)
- Fishmeal Inventory at port is 60,150 mt 
- Weekly off take 21,040 mt
- Weekly arrival 7,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #04/2020

2)  Today’s Price Indication (2 February 2021 – Wk #05)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,860-4,000

Canola Meal

China

36%

2,800

DDGS

USA

26/28%

2,480

Fishmeal

Peru

Super

11,600-12,100

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:
- Fishmeal:  cash market increasing about RMB100/mt today simply due to logistic issue delay cargo arrival causing very low inventory at China main ports.

- Corn is continuing hitting the historic high. As such, several major feed mills adjusted finished products to  RMB 200-300/mt high to reflect the high cost of corn & SBM. 

- Total 41.13 million tons pork meat produced in year 2020 which is about 3.3% lower in comparison with year 2019. And it is only 76.74% of year 2017 (before African Fever disease) . Per national plan, total production of pork meat must be steady at 55 million tons level.  Therefore, all kinds of protein demand for pig industry shall remain firm in coming year.

3) GAC Approved List Updated
USA Fishmeal/Fish oil Facilities - Total 29 plants

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

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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