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CFO News Weekly Update #20/21

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28 May 2021
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 20)
- Fishmeal Inventory at port is 251,320 mt 
- Weekly off take 20,060 mt
- Weekly arrival 42,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #20/2021

2)  Today’s Price Indication (26 May 2021 – Wk #21)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,450-3,580

Canola Meal

China

36%

2,920

DDGS

USA

26/28%

2,520

Fishmeal

Peru

Super

11,400-11,500

Fishmeal

China

63/130

9,600

MBM

Uruguay/Argentina

beef 45%

4,800

MBM

Australia

beef 50%

4,700

PBM

USA

65%

8,000


Comments:
 Fishmeal inventory is reaching over 250,000 mt high due to poor consumption in peak season.
- Live pig stock inventory is recovering well which we could see from feed production largely increasing 9.5% in comparison with March 2021 and it is talking about 69.8% increase year-on -year. 
- Total feed production in April increased 10.2% in comparison with March and 18.5% year-on-year.  More details, please see below table: 
– China Feed Production on different species April 2021

Time/Species

Pig

Egg
Poultry

Meat
Poultry

Aqua

Ruminant

Pet

Other

Apr 2021 (10,000 ton)

1,090

268

789

155

117

7

23

+/- compare with 
Mar 2021 (%)

+9.5

+6.1

+10.7

+18.0

+12.2

-2.1

+26.4

+/-, compare with
Jan to Apr 2020 (%)

+69.8

-13.2

-2.1

-11.6

+10.3

+6.3

+8.0

Total Jan-Apr 2021
(10,000 ton)

4,117

1,047

2,700

411

460

31

80

+/- Cumulative
Jan-Apr yr-on-yr (%)

+74.2

-11.5

-7.6

-0.5

+18.6

+25.8

+7.0


3) GAC Approved List Updated
Mexico Fishmeal, Fish oil or other aquatic protein Facilities - Total 9 plants


4) Importing Statistics/ April 2021
Major importing items including fishmeal, fish oil, MBM, PBM, Soybean. Please click here [CFO Statistics page] to take a look. 

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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