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14 Jul 2022
Sources:
CFO Exclusively
1) Weekly Report (Wk # 27)
- Fishmeal Inventory at port is 234,830 mt
- Weekly off take 33,390 mt
- Weekly arrival 23,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #27/2022
2) Today’s Price Indication (13 July 2022)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,090 |
|
Canola Meal |
China |
36% |
3,540 |
|
DDGS |
USA |
26/28% |
2,680 |
|
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:
Recently, pig prices have continued to rise sharply, exceeding market expectations.
Fishmeal consumption from Southern China is quite active and prices of RMB are firm.
As for animal protein MBM prices remain high at RMB 5700-5800/mt and importing quantity reduced as not very cost-effective and formula changed. Under the normal condition, farmer will use more MBM if MBM vs SBM difference at about RMB 800/mt.
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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