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10 Mar 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 09)
- Fishmeal Inventory at port is 107,770 mt
- Weekly off take 18,840 mt
- Weekly arrival 25,700 mt
Full report, please click below link CFO China Feed Market Weekly Update #09/2021
2) Today’s Price Indication (9 March 2021 – Wk #10)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,680-3,800 |
|
Canola Meal |
China |
36% |
2,880 |
|
DDGS |
USA |
26/28% |
2,470 |
|
Fishmeal |
Peru |
Super |
11,300-11,600 |
|
Fishmeal |
China |
63/130 |
9,500 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4,800 |
|
MBM |
Australia |
beef 50% |
4,700 |
|
PBM |
USA |
65% |
8,200 |
Comments:
- Corn - supply is continuing tight though African swine fever bounced back caused live pig number reduced. is reducing the without changes
- Soybean meal - SBM RMB prices is moving basically steady under the situation of less soy arriving in March /April but demand from pig feed reduced.
- Canola meal: since aquatic season is commencing in late March in Southern part of China, Canola/Rapeseed meal (mainly for fish feed) prices are following SBM tendency and increasing about RMB 50/mt this week.
- Fishmeal- Market is relative quiet in comparison with corn/SBM under the situation that inventory is increasing at China main ports.
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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