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14 Mar 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 10)
- Fishmeal Inventory at port is 187,510 mt
- Weekly off take 19,230 mt
- Weekly arrival 21,120 mt
Full report, please click below link CFO China Feed Market Weekly Update #10/2024
2) Today’s Price Indication (13 March 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,440 |
|
Canola Meal |
China |
36% |
2,670 |
|
DDGS |
USA |
26/28% |
2,270 |
|
Fishmeal |
Peru |
Super |
16,900-17,000 |
|
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:
Peruvian super prime fishmeal is stable, while Thailand grade has fallen about RMB 200/ton. The current China main ports fishmeal inventory continues slowly increasing, because demand is recovering pretty slow entering March. At present, most of Chinese fishmeal traders are highly willing to negotiate the price. In the short term, it is expected that the RMB price of imported fishmeal will move weakly in Chinese 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
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