1) Weekly Report (Wk # 53)
- Fishmeal Inventory at port is 107,180 mt 
- Weekly off take 18,510 mt
- Weekly arrival 8,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #53/2020

2)  Today’s Price Indication (5 January 2021 – Wk #01)

Comments:
In the beginning of year, Beijing emphasized per 14th Five-year plan, grain output should be stabilized at 1300 million tons or above, and pork production capacity should be stabilized at 55 million tons.  In view of live pig production still recovering (it could take 7 years estimated to recover). 

We listed down the past 4 year’s record of pork production in China:

2017 - 54.52million tons

2018 - 54.04million tons

2019 - 42.55 million tons (seriously affected by African swine fever) 

2020 (Jan-Sept) - 28.38 million tons

To release the shortage of pork meat, China reduced the importing duty from 12% to 8% since Jan 2020.

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