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24 Aug 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 33)
- Fishmeal Inventory at port is 141,440 mt
- Weekly off take 26,550 mt
- Weekly arrival 31,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #33/2023
2) Today’s Price Indication (23 August 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,970 |
|
Canola Meal |
China |
36% |
3,950 |
|
DDGS |
USA |
26/28% |
3,040 |
|
Fishmeal |
Peru |
Super |
18,800-19,000 |
|
Fishmeal |
China |
63/150 |
17,300-17,500 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
6,000 |
|
MBM |
Australia |
Beef 48% |
6,000 |
|
PBM |
USA |
65% |
12,000 |
3) China Feed Production July 2023
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Jul 2023 (10,000 ton) |
2,713 |
2,525 |
118 |
59 |
|
+/- compare with Jun 2023 (%) |
+3.2 |
+3.1 |
+8.7 |
-0.3 |
|
+/- compare with Jan to Jul 2022 (%) |
+7.6 |
+7.2 |
+12.1 |
+15.4 |
|
Total Jan-Jul 2023 (10,000 ton) |
17,643 |
16,391 |
785 |
395 |
|
+/- Cumulative Jan-Jul yr-on-yr % |
+9.5 |
+9.5 |
+3.4 |
+20.4 |
Comment:
Total feed production in July increased 3.2% comparison with Jun 2023.
Fishmeal RMB market sales activity is pretty quiet due to extremely high prices at present and buyers are prefer to wait and see how’s local fishmeal production status (fishing ban lifted in China). No matter how, imported fishmeal such as from Peru is still firm.
As for soybean meal, RMB prices reached RMB 5000/mt in some area mainly just because imported quantity of soy largely decreased, RMB currency depreciation and quite good demand in peak summer season etc.
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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