10 May 2024

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CFO News Weekly Update # 10-11

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17 Mar 2022
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 10)
- Fishmeal Inventory at port is 169,050 mt 
- Weekly off take 20,610 mt
- Weekly arrival 23,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #10/2022

2) Today’s Price Indication (16 March 2022 – Wk #11)

Products

Origin

Quality

RMB/mt

SBM

China

43%

4,800-4,950

Canola Meal

China

36%

3,900-4,050

DDGS

USA

26/28%

2,640

Fishmeal

Peru

Super

12,400-12,600

Fishmeal

China

63/130

10,200

MBM

Uruguay/Argentina

beef 45%

5,400

MBM

Australia

beef 50%

5,300

PBM

USA

65%

8,300-8,500


3) China Feed Production Tendency Jan/Feb 2022

Table 1 – China Feed Production Jan/Feb 2022

item

Total
Production

Compound
Feed

Concentrate
Feed

Additive
Mixture Feed

Total Jan 2022
(10,000 ton)

2,409

2,212

129

57

Total Feb 2022
(10,000 ton)

1,976

1,826

108

34

Total Jan-Feb 2022
(10,000 ton)

4,384

4,038

237

                    92

changes Cumulative
Jan-Feb year on year %

+3.5

+5.2

-13.6

-13.5

 

Table 2 – China Feed Production on different species Jan/Feb 2022

item

Pig

Egg
Poultry

Meat
Poultry

Aqua

Ruminant

Pet

Other

Total Jan 2022
(10,000 ton)

1,202

293

653

87

146

10

18

Total Feb 2022
(10,000 ton)

924

232

612

80

106

7

13

Total Jan-Feb 2022
(10,000 ton)

2,126

525

1,265

167

251

17

31

changes Cumulative
Jan-Feb year on year %

+2.9

-0.9

+4.2

+31.3

+3.7

+3.2

-19.4

In Jan-Feb 2022, the national total output of industrial feed was 43.84 million tons, a year-on-year increase of 3.5%.
* The output of pig feed was 21.26 million tons, a year-on-year increase of 2.9%;
* The output of aquatic feed was 11.67 million tons, an increase of 31.3%;

RMB price of corn was at a historically high level, and the price of other major raw materials such as soybean meal was higher than that of the same period last year As such completed feed is continuing to increase year-on-year.  The proportion of corn in the compound feed produced by feed enterprises is 35.3%. The proportion of soybean meal in compound feed and concentrated feed accounts for 14.7%.

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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