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CFO News Weekly Update # 22-23

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08 Jun 2023
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 22)
- Fishmeal Inventory at port is 269,280 mt 
- Weekly off take 24,240 mt
- Weekly arrival 18,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #22/2023

2) Today’s Price Indication (7 June 2023)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,850

Canola Meal

China

36%

3,250

DDGS

USA

26/28%

2,680

Fishmeal

Peru

Super

15,100-15,500

Fishmeal

China

63/150

13,200

MBM

Uruguay/Argentina

Beef 45%

6,000

MBM

Australia

Beef 48%

6,000

PBM

USA

65%

10,800

Comment:
Peru's production ministry Produce has finally set the total allowable catch (TAC) for the first anchovy fishing season in the important north-central zone at 1.09 million metric tons which is 60 % reduction but under the market expectation.

In China, fishmeal RMB is firm and up to over 15,200 and closed to 15,500 level but negotiable.  

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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