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21 Apr 2022
Sources:
CFO Exclusively
1) Weekly Report (Wk # 15)
- Fishmeal Inventory at port is 177,010 mt
- Weekly off take 16,440 mt
- Weekly arrival 21,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #15/2022
2) Today’s Price Indication (20 April 2022 – Wk #16)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,280-4,720 |
|
Canola Meal |
China |
36% |
3,830-4,110 |
|
DDGS |
USA |
26/28% |
2,640 |
|
Fishmeal |
Peru |
Super |
12,400-12,700 |
|
Fishmeal |
China |
63/130 |
10,600 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,500 |
|
MBM |
Australia |
Beef 50% |
5,400-5,500 |
|
PBM |
USA |
65% |
8,800 |
Comments
Table 1 – China Feed Production March 2022
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Total Mar 2022 |
2,336 |
2,171 |
105 |
48 |
|
Changes, compare with Feb 2022 (%) |
+18.3 |
+19.1 |
-2.0 |
+39.9 |
|
Changes, compare with Mar 2021 (%) |
+2.4 |
+2.9 |
-9.6 |
+7.6 |
|
Total Jan-Mar 2022 |
6,720 |
6,213 |
342 |
140 |
|
changes Cumulative |
+3.1 |
+4.4 |
-12.4 |
-7.3 |
Table 2 – China Feed Production on different species March 2022
|
item |
Pig |
Egg |
Meat |
Aqua |
Ruminant |
Pet |
Other |
|
Total Mar 2022 |
1,011 |
262 |
730 |
185 |
125 |
9 |
15 |
|
Changes, compare with |
+9.3 |
+13.0 |
+19.1 |
+130.9 |
+18.2 |
+14.3 |
+15.7 |
|
Changes, compare with |
-2.2 |
+0.1 |
+0.7 |
+42.9 |
+17.2 |
-2.3 |
-17.1 |
|
Total Jan-Mar 2021 |
3,137 |
788 |
1,995 |
352 |
376 |
26 |
46 |
|
changes Cumulative |
+1.2 |
-0.6 |
+2.9 |
-37.2 |
+7.9 |
+2.9 |
+18.7 |
The rising cost of imported soybeans and the price of live pigs and eggs are supported by the high pig inventory and the upcoming demand for aquatic feed in the southern China, Soybean meal prices are expected to be firm.
However, overall feed output is declining in March 2022 mainly due to weaker demand and consumption comparison with year 2021. More statistics which you can see from above tables.
3) Importing Statistics/ March 2022
Major importing items including Fishmeal, Fish oil, MBM, PBM, and 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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