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22 Feb 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 07)
- Fishmeal Inventory at port is 177,210 mt
- Weekly off take 4,260 mt
- Weekly arrival 5,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #07/2024
2) Today’s Price Indication (21 February 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,420 |
|
Canola Meal |
China |
36% |
2,570 |
|
DDGS |
USA |
26/28% |
2,150 |
|
Fishmeal |
Peru |
Super |
17,200-17,400 |
|
Fishmeal |
China |
63/150 |
12,200 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,000-5,200 |
|
MBM |
Australia |
Beef 48% |
5,000-5,100 |
|
PBM |
USA |
65% |
8,500 |
3) China Feed Production Tendency 2023
Table 1 – China Feed Production 2023
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Total Jan- Dec 2023 |
32,162.7 |
29,888.5 |
1,418.8 |
709.1 |
|
+/- Cumulative |
+6.6 |
+6.9 |
-0.5 |
+8.7 |
Table 2 – China Feed Production on different species 2023
|
item |
Pig |
Egg |
Meat |
Aqua |
Ruminant |
Pet |
Other |
|
Total Jan-Dec 2023 |
14,975.2 |
3,274.4 |
9,510.8 |
2,344.4 |
1,671.5 |
146.3 |
240.2 |
|
+/- Cumulative |
+10.1 |
+2.0 |
+6.6 |
-4.9 |
+3.4 |
+18.2 |
+7.6 |
Today Comments:
During the first week after the Lunar New Year, the feed market demand are still affected by the Spring Festival Holiday Moods. Overall cash market of all kinds of feedstuffs is still quiet and price negotiable. As for fishmeal inventory at China main ports is not much change as well.
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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