1) Weekly Report (Wk # 02)
- Fishmeal Inventory at port is 83,130 mt 
- Weekly off take 17,090 mt
- Weekly arrival 5,400 mt
Full report, please click below link CFO China Feed Market Weekly Update #02/2020

2)  Today’s Price Indication (20 January 2021 – Wk #03)

Comments:
The key factor leading the feed raw materials moving up is that the logistics and transportation has been blocked due to Covid-19 epidemic.
The prices of major materials including Corn, SBM,.. are all increasing sharply and caused most of major feed mills adjusted the completed feed selling price RMB 200 about higher in early Jan.

- Corn prices are reaching historic high level exceed 3000 yuan in most part of China ( except Northern remain at range RMB 2700-2900/mt.)
The current market is a bit afraid of high and hit the historic high. 

- SBM prices are increasing even more sharply, some area is over RMB 4000/mt high level.  Also, the arrival soybean to be reduced in the 1st quarter about 5-5.55 millions tons only monthly.

- Fishmeal cash market in Shanghai also increasing RMB 200/mt Monday simply because the low inventory at destination and limited parcel expected to be discharged in coming weeks.
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