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23 Dec 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 50)
- Fishmeal Inventory at port is 209,360 mt
- Weekly off take 15,600 mt
- Weekly arrival 13,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #50/2021
2) Today’s Price Indication (22 December 2021 – Wk #51)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,400-3,600 |
|
Canola Meal |
China |
36% |
2,940 |
|
DDGS |
USA |
26/28% |
2,360 |
|
Fishmeal |
Peru |
Super |
11,900-12,100 |
|
Fishmeal |
China |
63/130 |
9,900 |
|
MBM |
Uruguay/Argentina |
beef 45% |
5,100 |
|
MBM |
Australia |
beef 50% |
5,000 |
|
PBM |
USA |
65% |
7,800-8,000 |
Recently, fishmeal RMB cash market is also adjusted about 100-200/mt higher due to less quantity arrival China though demand is quiet at this season.
3. Total Feed output
Table 1 – China Feed Production November 2021
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Nov 2021 (10,000 ton) |
2,457 |
2,237 |
142 |
67 |
|
+/- compare with |
-2.5 |
-3.4 |
+7.7 |
+8.0 |
|
+/- compare with |
+3.7 |
+4.1 |
-6.0 |
+15.4 |
|
Total Jan- Nov 2021 |
26,817 |
24,647 |
1,462 |
617 |
|
+/- Cumulative |
+13.8 |
+14.1 |
+8.1 |
+15.8 |
Table 2 – China Feed Production on different species November 2021
|
item |
Pig |
Egg |
Meat |
Aqua |
Ruminant |
Pet |
Other |
|
Nov 2021 (10,000 ton) |
1,141 |
265 |
729 |
144 |
142 |
11 |
25 |
|
+/- compare with Oct 2021 (%) |
+4.6 |
+1.5 |
-5.5 |
-38.1 |
+9.7 |
+13.3 |
-1.9 |
|
+/- compare with |
+12.9 |
-3.6 |
-8.3 |
+22.6 |
+5.0 |
+1.4 |
-1.1 |
|
Total Jan-Nov 2021 |
11,740 |
2,885 |
8,195 |
2,344 |
1,311 |
92 |
250 |
|
+/- Cumulative |
+44.9 |
-9.2 |
-5.9 |
+14.0 |
+11.4 |
+8.8 |
-5.4 |
In November, total output of feed in China decreased of 2.5% in comparison with last month. We noted the aquatic feed output is largely decreased 38.15 month-on-month.
Recently, fishmeal RMB cash market is also adjusted about 100-200/mt higher due to less quantity arrival China though demand is quiet at this season.
In terms of breeds, the output of pig feed was 11.41 million tons, an increase of 4.6% month-on-month and an increase of 12.9% year-on-year; the output of aquatic feed was 1.44 million tons, a month-on-month decrease of 38.1% and an increase of 22.6% year-on-year;
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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