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31 Mar 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 12)
- Fishmeal Inventory at port is 140,090 mt
- Weekly off take 19,070 mt
- Weekly arrival 33,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #12/2021
2) Today’s Price Indication (31 March 2021 – Wk #13)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,230-3,360 |
|
Canola Meal |
China |
36% |
2,780 |
|
DDGS |
USA |
26/28% |
2,480 |
|
Fishmeal |
Peru |
Super |
10,900-11,200 |
|
Fishmeal |
China |
63/130 |
9,300 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4,800 |
|
MBM |
Australia |
beef 50% |
4,700 |
|
PBM |
USA |
65% |
8,200 |
Comments:
It is estimated about 4-5 millions corn is arriving china in April-Jun so that corn cash market RMB price is continuing moving lower since March 2021. As for fishmeal, inventory at China main port is increasing over 145,000 mt and we foresee the weak demand shall continue few more weeks.
General speaking, feed products price is facing adjusted lower due to all kinds of raw materials RMB price is declining.
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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