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24 Nov 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 46)
- Fishmeal Inventory at port is 200,130 mt
- Weekly off take 16,180 mt
- Weekly arrival 23,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #46/2021
2) Today’s Price Indication (23 November 2021 – Wk #47)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,340-3,530 |
|
Canola Meal |
China |
36% |
2,940 |
|
DDGS |
USA |
26/28% |
2,400 |
|
Fishmeal |
Peru |
Super |
11,700-12,100 |
|
Fishmeal |
China |
63/130 |
9,900 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4900 |
|
MBM |
Australia |
beef 50% |
5,000 |
|
PBM |
USA |
65% |
7,800-8,000 |
Comments:
- Fishmeal RMB sales indication is increasing mainly just to reflect the international market not from demand in Chinese market as the aquatic feed sesame is entering winter low season we also noted the inventory at China main port is continuing increasing over 200,000 tons
- Meat and bone meal indication at RMB 4900/mt level and supply is tight in Chinese market just and the logistic situation is still sever especially containers freight & supply from South America (Uruguay/Argentina).
Table 1 – China Feed Production October 2021
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Oct 2021 (10,000 ton) |
2,520 |
2,316 |
132 |
62 |
|
+/- compare with |
-4.1 |
-4.5 |
-0.3 |
+1.5 |
|
+/- compare with |
+0.2 |
+1.2 |
-18.2 |
+13.5 |
|
Total Jan- Oct 2021 |
24,360 |
22,410 |
1,319 |
550 |
|
+/- Cumulative |
+14.9 |
+15.2 |
+9.8 |
+15.9 |
Table 2 – China Feed Production on different species October 2021
|
item |
Pig |
Egg |
Meat |
Aqua |
Ruminant |
Pet |
Other |
|
Oct 2021 (10,000 ton) |
1,091 |
261 |
771 |
233 |
129 |
10 |
26 |
|
+/- compare with Sep 2021 (%) |
-0.7 |
-0.5 |
+0.5 |
-31.4 |
+4.3 |
+12.9 |
-4.0 |
|
+/- compare with |
+8.8 |
-9.8 |
-10.3 |
+16.0 |
+4.5 |
+1.4 |
-15.3 |
|
Total Jan-Oct 2021 |
10,599 |
2,621 |
7,466 |
2,200 |
1,169 |
81 |
225 |
|
+/- Cumulative |
+49.3 |
-9.7 |
-5.7 |
+13.5 |
+12.3 |
+9.9 |
-5.8 |
Total output of industrial feed in Oct 2021, showed the 4.1% month-on-month decrease 4.1% and 0.2% increase year-on-year. We would like to highlight pig & aquatic feed production status as below:
- Output of pig feed was 10.91 million tons (0.7% down month-on-month, 8.8% increase year-on-year)
- Output of aquatic feed production was 2.33 million tons (31.4% down month-on-month, 16% increase year-on-year)
3) Importing Statistics/ October 2021
Major importing items including fishmeal, fish oil, MBM, PBM, Soybean.
Please click here [CFO Statistics page] to take a look.
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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