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28 Apr 2021
Sources:
CFO Exclusively
1) Weekly Report (Wk # 16)
- Fishmeal Inventory at port is 196,090 mt
- Weekly off take 18,580 mt
- Weekly arrival 29,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #16/2021
2) Today’s Price Indication (28 April 2021 – Wk #17)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,460-3,630 |
|
Canola Meal |
China |
36% |
2,890 |
|
DDGS |
USA |
26/28% |
2,450 |
|
Fishmeal |
Peru |
Super |
11,300-11,500 |
|
Fishmeal |
China |
63/130 |
9,300 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4,800 |
|
MBM |
Australia |
beef 50% |
4,700 |
|
PBM |
USA |
65% |
8,200 |
3) Importing Statistics/ March 2021
Major importing items including fishmeal, fish oil, MBM, PBM, Soybean. Please click here [CFO Statistics page] to take a look.
4) Quarter Review (Jan-Mar 2021) :
Per MOARA press conference on 20/April/2021, we summarized several key points for your reference:.
A) The most tight period of pork supply has passed, and the supply will be improved. According to the current production recovery momentum , in June & July this year, the “ live pig stock " is expected to return to the normal level of the year, In another four months or so, the “ monthly slaughter volume” will also gradually return to the normal level.
B) Table 1 – China Feed Production March & Jan-Mar (the 1st Quarter) 2021
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Total Mar 2021 |
2,222 |
2,055 |
116 |
44 |
|
+/- compare with Feb 2021 (%) |
+35.0 |
+34.8 |
+36.9 |
+39.6 |
|
+/-, compare with |
+20.2 |
+22.2 |
+3.4 |
-6.1 |
|
Total Jan-Mar 2021 |
6397 |
5825 |
397 |
152 |
|
+/- Cumulative |
+20.7 |
+20.3 |
+22.7 |
+21.6 |
C) Table 2 – China Feed Production on species March & Jan-Mar (the 1st Quarter) 2021
|
item |
Pig |
Egg |
Meat |
Aqua |
Ruminant |
Pet |
Other |
|
Total Mar 2021 |
995 |
253 |
713 |
131 |
104 |
7 |
18 |
|
+/- compare with Feb 2021 (%) |
+27.7 |
+22.2 |
+43.4 |
+109.4 |
+26.8 |
+24.4 |
+49.6 |
|
+/-, compare with |
+68.3 |
-16.8 |
+1.4 |
+6.5 |
+4.5 |
-10.5 |
-2.9 |
|
Total Jan-Mar 2021 |
3,027 |
779 |
1,911 |
256 |
344 |
24 |
57 |
|
+/- Cumulative |
+75.9 |
-10.9 |
-9.7 |
+7.7 |
+21.8 |
+33.3 |
+6.5 |
D) According to statistics from the National Bureau of Statics of China, at the end of the 1st quarter,
- SOW: 43.18 million reproductive sows in China, which recovered to 96.6% at the end of 2017 (just before African Swine Fever outbreak).
- LIVE PIG: The number of live pigs was 416 million, recovered to 94.2% at the end of 2017, and pork production was 13.69 million tons, an increase 31.9% year-on-year.
- PORK PRICES: have fallen for 12 consecutive weeks, falling to around 40 yuan (RMB) per kg, a year-on-year decrease of about 25%.
-Finally, Chinese authority will continue to insist on the recovery of live pig production and the prevention and control the African swine fever epidemic.
In particular, the ASF recurrence in Feb 2021 in Northern part of China including Shandong, Hebei, Henan provinces.
Please feel free to contact me if any comments.
Remark:
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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