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08 Apr 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 13)
- Fishmeal Inventory at port is 159,740 mt
- Weekly off take 21,550 mt
- Weekly arrival 41,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #13/2021
2) Today’s Price Indication (7 April 2021 – Wk #14)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,330-3,430 |
|
Canola Meal |
China |
36% |
2,830 |
|
DDGS |
USA |
26/28% |
2,440 |
|
Fishmeal |
Peru |
Super |
10,900-11,200 |
|
Fishmeal |
China |
63/130 |
9,300 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4,800 |
|
MBM |
Australia |
beef 50% |
4,700 |
|
PBM |
USA |
65% |
8,200 |
Comments:
Overall, major protein ingredients RMB cash market is weak entering April mainly because peak consumption season not yet coming.
Corn - RMB cash market is continuing declining as government release more storage.
Soy - large quantity of soy continuing arriving. SBM RMB is soft.
Fishmeal - inventory at China main port gradually increasing reaching 159,740 mt and demand is still weak.
MBM - 45% Uruguay Origin indication at US$600/mt CNF level but transaction is also quiet.
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
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