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CFO News Weekly Update #32/33

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12 Aug 2020
Sources: 
CFO Exculsively

We are pleased to inform you that the latest reports just published at CFO website

1) Weekly Report (Wk # 32)
- Fishmeal Inventory at port is 98,340 mt 
- Weekly off take 16,500 mt
- Weekly arrival 20,400 mt
Full report, please click below link CFO China Feed Market Weekly Update #32 /2020

2)  Today’s Price Indication (11 August 2020 – Wk #33)

Products

Origin

Quality

RMB/mt

SBM

China

43%

2,830-2,900

Canola Meal

China

36%

2,330

Fishmeal

Peru

Super

12,700-12,800

Fishmeal

China

63/130

9,800

MBM

Uruguay/Argentina

beef 45%

4,600

MBM

Australia

beef 50%

4,500

PBM

USA

65%

7,800

Comments:
China largely imported soy since 2nd Quarter.  Per China customs record, total soy arrival China main ports  is 27% higher same month of year 2019 and 71% higher than same month of last year.  This situation shall continue till Aug over 10 millions ton a month.  Fishmeal RMB cash market is adjusted lower also even though inventory is less than 100,000mt lower level.
 

3) GAC Approved List Updated
USA Non-Ruminant Animal Feed/Tallow Facilities - Total 78 plants- validit till July 2025
USA Pet Food Facilities - Total 35 plants - Valid till May 2025
USA Compound Feed Facilities - Total 12 plants

4) China license:   
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 .  

 



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