1) Weekly Report (Wk # 10)
- Fishmeal Inventory at port is 118,280 mt 
- Weekly off take 18,990 mt
- Weekly arrival 29,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #10/2021

2)  Today’s Price Indication (16 March 2021 – Wk #11)

Comments:
Soybean meal /Corn cash market prices are all adjusted lower before peak season coming up.
 

Fishmeal RMB price also following int’l US Dollar (USD1650 down to USD1620) become quiet. Foresee fishmeal cash market will continue moving at the current weaker tendency till demand is coming back in April/May.
 

However, Animal protein US dollar market is pretty firm.  Mainly because raw material supply is tight with high USD price in origin so that importing cost for Chinese is negative margin at present.

“New Hope” - one of top feed makers in China, just adjusted feed finished product lower about RMB 50-100/mt to reflect the current market cost.

3) GAC Approved List Updated
Norway Fishmeal, Fish oil or other aquatic protein Facilities - Total 26 plants- valid till March 2025

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