03 May 2024

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CFO Protein Meal Market Update Aug 2019

 
1. Fishmeal
- Peru super prime fishmeal USDollar price sharply dropped about US$80/mt in a week mainly because poor demand in China. Today, super prime quality only US$1400/mt CNF which is recent years low
 
- Fishmeal inventory at China main port is closed to 300,000mt which is historic high in peak season and we estimated more than 350,000mt PEFM to arrive China in coming months. It is high possibility that fishmeal inventory at China main ports remain at this level till year end.
 


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China’s pig herd predicted to shrink by 50% due to swine fever

China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast on Tuesday.
 

The bank said China’s herd, by far the world’s biggest, was already estimated to have shrunk by 40% from a year ago, well above official estimates which have ranged from 15% to 26%.



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