13 Apr 2021

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CFO News Weekly Update #12/13

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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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