1) Weekly Report (Wk # 20)
- Fishmeal Inventory at port is 258,100 mt 
- Weekly off take 26,550 mt
- Weekly arrival 34,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #20/2023

2) Today’s Price Indication (24 May 2023)

3)  China Feed Production April 2023

Comment:
In April 2023, the national industrial feed output will be 25.84 million tons, a month-on-month increase of 2.9% and a year-on-year increase of 12.4%. The ex-factory prices of main compound feeds, concentrated feeds, and additive premixed feeds mainly decreased 1-4 % from the previous month.

Pig farming is facing a profit negative status and demand for feedstuffs is poor. We can see the whey powder RMB prices has fallen to a record low, and the RMB selling price is below the importing US Dollar cost.

SBM: importing quantity of Brazilian soy is largely increasing.  SBM RMB is moving lower under the condition of over supply beans and limited demand from pig / poultry farm.

Fishmeal: Peruvian new fishing season may be postponed until June. As such, RMB price of fishmeal continues to rise. Peruvian super prime is sold at 14900- 15,200 RMB /ton, up 200 /mt in a day.

Animal protein: MBM RMB price is moving downward due to weak SBM. Most of poultry feed decreased MBM dosage when feed makers are expecting SBM shall further lower in coming weeks. 

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