1) Weekly Report (Wk # 19)
- Fishmeal Inventory at port is 250,450 mt 
- Weekly off take 25,420 mt
- Weekly arrival 30,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #19/2023

2) Today’s Price Indication (17 May 2023)

Comment:
Fishmeal : The new season quota is expected to be low, and fishmeal Chinese traders are more willing to raise prices. Among them, the price of imported Peruvian super prime is moving up to 14,900-15,000 yuan/ton, an increase of 300 yuan, and the actual transaction price is negotiated. We are expecting the short-term market continues to remain strong, waiting for the announcement of the new season fishing policy in Peru.

Animal Protein /SBM: MBM Chinese market demand is slowing down due to cheaper Soybean meal. Selling idea is dropped to RMB 5700/mt level or lower. In view sufficient supply of soy from Brazil so we are expecting SBM RMB prices will remain soft in coming weeks in China. 

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