1) Weekly Report (Wk # 48)
- Fishmeal Inventory at port is 226,140 mt 
- Weekly off take 23,790 mt
- Weekly arrival 30,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #48/2022

2) Today’s Price Indication (7 December 2022)

Comment:
China is a bit relaxing the epidemic prevention and control measures but some offices in Beijing still not having fully operation.

Fishmeal: In the short term, the Chinese market demand for fishmeal is weak but the high cost supports the RMB prices continued stable. 

SBM: soybean meal RMB price is continuing declining. However, it is now the peak consumption season before New Year. We foresee the SBM RMB will be a bit stabilized in coming weeks.  

Canola Meal: The inventory of canola meal has returned to normal levels, and the peak season of aquaculture is over, the demand for canola meal is limited, and it is difficult for the demand to support the price of canola meal. It is predicted that the spot price of canola meal will decline most of the time in December.

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