1) Weekly Report (Wk # 02)
- Fishmeal Inventory at port is 214,740 mt 
- Weekly off take 14,480 mt
- Weekly arrival 4,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #02/2024

2) Today’s Price Indication (17 January 2024)

Today Comments:
Soybean Meal: SBM inventory growth has slowed down, and RMB prices have stabilized. Pre-Lunar New Year holiday stockings have started and delivery volumes have increased significantly. However, overall, the current supply of soybeans and SBM is relatively sufficient, and the Chinese market is not optimistic about downstream demand still.

Canola Meal: Demand for stocking growing before the Lunar New Year Fest, and the demand for medium and long-term stocking by some aquatic feed manufacturers is also increasing. Inventory of canola & meal in major oil mills have declined which supporting canola meal RMB market to a certain extent.

Fishmeal: Imported standard quality of fishmeal has slightly adjusted higher at about RMB 200 /mt. At the same time, fishmeal inventory at China main ports is continuing to decline slowly.

Poultry Meal: Chinese buyers are keen to enter market for booking coming peak feed production season. However, the current international price is much higher than RMB cash market.

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