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02 Jul 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 25)
- Fishmeal Inventory at port is 267,520 mt
- Weekly off take 26,260 mt
- Weekly arrival 29,700 mt
Full report, please click below link CFO China Feed Market Weekly Update #25/2021
2) Today’s Price Indication (30 June 2021 – Wk #26)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,430-3,540 |
|
Canola Meal |
China |
36% |
2,890 |
|
DDGS |
USA |
26/28% |
2,470 |
|
Fishmeal |
Peru |
Super |
11,200-11,300 |
|
Fishmeal |
China |
63/130 |
9,600 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4,800 |
|
MBM |
Australia |
beef 50% |
4,700 |
|
PBM |
USA |
65% |
7,800-8,000 |
Comments:
According to monitoring, the national average pig and food price ratio warning range. Now China has entered into timely adjustment of pork reserves in market.
On June 28, the “National Development and Reform Commission of the State Council “ monitored that from June 21 to 25, the national average pig ratio was 4.90:1.
Pork meat over supply mainly caused because recently large-weight live pigs slaughtered and the increase in imported frozen pork, also the weak demand, the price of live pigs has continued to fall.
Remark:
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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