1) Weekly Report (Wk # 27)
- Fishmeal Inventory at port is 248,170 mt 
- Weekly off take 24,860 mt
- Weekly arrival 10,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #27/2021

2)  Today’s Price Indication (13 July 2021 – Wk #28)

Comments:
SBM:  We estimated importing quantity is lower in Aug so that pressure of SBM to be ease and RMB prices shall be steady.

Canola Meal: At present, profit of aquaculture is relative high and farmers are keen to increase shrimp seedling volume, but supply of canola meal is limited so that mainly following SBM movement.

Fishmeal: cash market price is continuing weak, however, fishmeal inventory at port is declining which is a good signal.

MBM Inventory is low at this moment so that buyers prefer to order cargo from Australia with shorter voyage for July/Aug/Sept peak season production.  However, port authority is having a more strict attitude in checking Australia origin goods including visiting warehouse and/or sampling almost each shipment.  

PBM basically is following weak FM momentum

Pork Meat: According to China Customs data, Jan-May of 2021, total pork imports reached to 1.96 million tons (13.7% year-on-year), plus government releasing 800K tons of reserved frozen pork from Nov-Dec 2020, total increase of pork supply equal nearly 30 million head of live pigs. However, it is expected that importing frozen meat to be declining in the 2nd half of year as pork meat prices dropped sharply recently. 

Remark:  

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