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CFO News Weekly Update #33/34

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18 Aug 2020
Sources: 
CFO Exclusively

Important Notice - Per State Council Notification #28 (2020),  For expanding market access for FAT & OILs, MEAT and DAIRY products, China starts encouraging imports to ensure sufficient supply in domestic market.  Also, Per GACC ( China Customs) information, from 5th Aug 2020, importing meat , poultry, eggs, vegetables and aquatic products will enjoy tariff reduction. 

1) Weekly Report (Wk # 33)
- Fishmeal Inventory at port is 102,440 mt 
- Weekly off take 16,300 mt
- Weekly arrival 20,400 mt
Full report, please click below link CFO China Feed Market Weekly Update #33 /2020

2)  Today’s Price Indication (18 August 2020 – Wk #34)

Products

Origin

Quality

RMB/mt

SBM

China

43%

2,880-2,950

Canola Meal

China

36%

2,330

Fishmeal

Peru

Super

12,200-12,500

Fishmeal

China

63/130

9,800

MBM

Uruguay/Argentina

beef 45%

4,500

MBM

Australia

beef 50%

4,450

PBM

USA

65%

7,600

Comments:
Following more fishmeal arrived, inventory at China main ports is exceed 100k metric tons this week.  In view of continuing heavy flood, storm rain in South/Western China, particularly, Sichuan province (the largest pig farm bases) demand of fishmeal remain weak.  Today, cash market is about RMB 100-200/mt lower.

 

3) 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 .  

Any queries, please email: license@21cfo.com


Sincerely yours,
Charles Wang
Tel: 852- 2871 0708 
Email: cfo@chinafeedonline.com
ChinaFeedOnline.com.hk/ChinaFeedOnline.com>> Your gateway to the China feed market
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