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16 Jun 2022
Sources:
CFO Exclusively
1) Weekly Report (Wk # 23)
- Fishmeal Inventory at port is 275,260 mt
- Weekly off take 28,600 mt
- Weekly arrival 35,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #23/2022
2) Today’s Price Indication (15 June 2022)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,180-4,370 |
|
Canola Meal |
China |
36% |
3,700-3,950 |
|
DDGS |
USA |
26/28% |
2,710 |
|
Fishmeal |
Peru |
Super |
12,700-13,000 |
|
Fishmeal |
China |
63/150 |
11,000 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,700 |
|
MBM |
Australia |
Beef 50% |
5,600 |
|
PBM |
USA |
65% |
9,000 |
Comment:
Below table is recent 5 years importing statistics about soybean, fishmeal & animal protein
|
|
Soybean |
Fishmeal |
MBM |
PBM |
|
2017 |
95,529,838.36 |
1,575,148.97 |
101,519.91 |
165,426.23 |
|
2018 |
88,030,950.75 |
1,460,752.91 |
138,048.64 |
203,004.54 |
|
2019 |
88,584,604.45 |
1,418,641.31 |
133,720.62 |
191,508.34 |
|
2020 |
101,015,766.63 |
1,420,694.88 |
126,283.26 |
203,822.92 |
|
2021 |
96,533,942.67 |
1,823,364.02 |
96,703.70 |
220,506.75 |
Animal protein: We noted MBM importing quantity is reduced mainly due to recent 2 years tight supply and caused aquatic feed formula changed to more Poultry meal with much lower ash content.
Fishmeal: Demand of fishmeal actually not affected due to Covid-19 in terms of quantity consumption but RMB prices is moving at small current range.
In these days, fishmeal inventory moved out from port warehouse is increasing at Shanghai/Guangzhou. Overall, fishmeal RMB prices is pretty steady.
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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