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07 Jul 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 26)
- Fishmeal Inventory at port is 262,530 mt
- Weekly off take 24,690 mt
- Weekly arrival 19,700 mt
Full report, please click below link CFO China Feed Market Weekly Update #26/2021
2) Today’s Price Indication (7 July 2021 – Wk #27)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,460-3,620 |
|
Canola Meal |
China |
36% |
2,930 |
|
DDGS |
USA |
26/28% |
2,470 |
|
Fishmeal |
Peru |
Super |
11,100-11,200 |
|
Fishmeal |
China |
63/130 |
9,300 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4,900 |
|
MBM |
Australia |
beef 50% |
4,800 |
|
PBM |
USA |
65% |
7,800-8,000 |
Comments:
Fishmeal cash (RMB) market is continuing weak mainly due to high inventory at China main port.
Aquatic feed production is very profitable and we noted canola meal for fish feed demand is strong.
As for animal protein MBM & PBM demand from overseas is weak mainly because negative profit if we converted current importing US Dollar cost to RMB.
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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