1) Weekly Report (Wk # 11)
- Fishmeal Inventory at port is 125,260 mt 
- Weekly off take 18,820 mt
- Weekly arrival 25,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #11/2021

2)  Today’s Price Indication (24 March 2021 – Wk #12)

Comments:
1) Shortage of grains 

China’s cumulative grain imports from Jan-Dec 2020 exceed 140 million tons, an increase of more than 31 million tons year-on-year, and grain imports increased by about 28% year-on year.   In view of importing corn and soybean has reached historic high, and MOARA just declared a plan to reduced dosage of corn & SBM in feed formula.

The plan is constructing a diversified feed formula system to reduce the proportion of corn and soybean meal in the feed, in order to ensure the balance of feed and grain supply & demand. The plan will use more “ rice, wheat, miscellaneous grains, potato.. other agricultural products” instead of corn & SBM.  This system will be done by April 2021 and then organize demonstration and promotion with the year.

2) Dangerous Goods - 

Fishmeal is classed as 9 dangerous goods, UN no. 2216

China Customs is strictly inspect the DG labels in fishmeal containers.

We urge the exporters must follow the MDG regulation for cargo to China.

For more details, we welcome your enquiry by email: trader@21cfo.com

3) Importing Statistics/ Jan & Feb 2021
Major importing items including fishmeal, fish oil, MBM, PBM, Soybean. Please click here [CFO Statistics page] to take a look. 

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