13 Apr 2021

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CFO News Weekly Update #13/14

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08 Apr 2021
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 13)
- Fishmeal Inventory at port is 159,740 mt 
- Weekly off take 21,550 mt
- Weekly arrival 41,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #13/2021

2)  Today’s Price Indication (7 April 2021 – Wk #14)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,330-3,430

Canola Meal

China

36%

2,830

DDGS

USA

26/28%

2,440

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:
Overall, major protein ingredients RMB cash market is weak entering April mainly because peak consumption season not yet coming.

Corn - RMB cash market is continuing declining as government release more storage.

Soy - large quantity of soy continuing arriving.  SBM RMB is soft.
Fishmeal - inventory at China main port gradually increasing reaching 159,740 mt and demand is still weak.
MBM - 45% Uruguay Origin indication at US$600/mt CNF level but transaction is also quiet.

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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