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12 Oct 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 40)
- Fishmeal Inventory at port is 135,680 mt
- Weekly off take 45,750 mt
- Weekly arrival 34,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #40/2023
2) Today’s Price Indication (11 October 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,320 |
|
Canola Meal |
China |
36% |
3,350 |
|
DDGS |
USA |
26/28% |
2,700 |
|
Fishmeal |
Peru |
Super |
17,900-18,300 |
|
Fishmeal |
China |
63/150 |
14,000 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,700-5,800 |
|
MBM |
Australia |
Beef 48% |
5,700-5,800 |
|
PBM |
USA |
65% |
10,200-10,500 |
Comment:
Fishmeal Market is quiet after holidays. Super prime RMB price is firm but the selling prices of lower protein fishmeal is weak and demand is low. As for SBM RMB market is very bearish still. The crushing mills are facing the heavy pressure due to buying activities slowing down. This week, the decline in soybean meal spot prices is accelerating.
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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