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1) Weekly Report (Wk # 26)
- Fishmeal Inventory at port is 244,320 mt
- Weekly off take 32,310 mt
- Weekly arrival 21,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #26/2022
2) Today’s Price Indication (6 July 2022)
Products |
Origin |
Quality |
RMB/mt |
SBM |
China |
43% |
3,920-4,150 |
Canola Meal |
China |
36% |
3,470-3,650 |
DDGS |
USA |
26/28% |
2,710 |
Fishmeal |
Peru |
Super |
12,900-13,200 |
Fishmeal |
China |
63/150 |
11,000 |
MBM |
Uruguay/Argentina |
Beef 45% |
5,800 |
MBM |
Australia |
Beef 50% |
5,700-5,800 |
PBM |
USA |
65% |
9,200 |
Comment:
Fishmeal Inventory in China main ports is reduced which have significantly boosted the confidence of Chinese fishmeal traders. However, we still need to further monitoring about the impact of Typhoon on aquaculture.
Recently, with the gradual regulation of production capacity by the MOARA, pork RMB prices show a strong upward trend. According to the monitoring of the MOARA (Ministry of Agriculture and Rural Affairs), the average price of pork in the national agricultural wholesale market was 24.55 yuan/kg, an increase of 1.9% from the previous day, and an increase of 21.75 yuan/kg from last Friday (June 24) 12.9%. It is expected the pig RMB price shall be continuing firm in the 2nd half of this year.
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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