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29 Feb 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 08)
- Fishmeal Inventory at port is 181,820 mt
- Weekly off take 15,390 mt
- Weekly arrival 20,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #08/2024
2) Today’s Price Indication (28 February 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,290 |
|
Canola Meal |
China |
36% |
2,550 |
|
DDGS |
USA |
26/28% |
2,150 |
|
Fishmeal |
Peru |
Super |
17,000-17,100 |
|
Fishmeal |
China |
63/150 |
12,500 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,000-5,200 |
|
MBM |
Australia |
Beef 48% |
5,000-5,100 |
|
PBM |
USA |
65% |
8,800 |
Today Comments:
Domestic imported fishmeal RMB prices fell today. The price of Peruvian super prime fishmeal is declined to 17,000-17,100 yuan/ton, down 200-300 yuan/ton. Due to poor market demand and increased fishmeal inventory at China main ports, fishmeal holders are highly willing to follow the price. In the short term, it is expected that the price of RMB shall adjust weakly.
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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