1) Weekly Report (Wk # 45)
- Fishmeal Inventory at port is 124,530 mt 
- Weekly off take 21,560 mt
- Weekly arrival 26,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #45 /2020

2)  Today’s Price Indication (10 November 2020 – Wk #46)

Comments:

Peru's Ministry of Production (PRODUCE) announced the 2nd season anchovy fishing quota 2.78 million metric tons in the North-Central fishing zone.  Fishing will commence on 12 Nov, 2020. 

We noted the current quota is higher than the 1st season quota (2.413 million metric tons.)

We list down the recent the 2nd season quota as below and noted this year 2.78 million is a relative big number.

2020 (2nd): 2.78 million
2019 (2nd): 2.79 million
2018 (2nd): 2.10 million
2017 (2nd): 1.49 million

If we use the 24% conversation, it will about produce about 667,200 mt fishmeal.  However, all are depending catching results if the quota could be competed or not.  

Chinese RMB cash market basically is steady and some are adjusted about RMB 200/mt lower from 12,000 to RMB 11,600-11,800/mt (super prime quality).  China main port total fishmeal inventory (including sold but not moved out warehouse) is at about 120,000mt and available to sell is estimated is about 50,000mt.

3) GAC Approved List Updated
USA Non-Ruminant Animal Feed/Tallow Facilities - Total 78 plants- valid till August 2025
USA Pet Food Facilities - Total 40 plants - Valid till October 2025

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 .  

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