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10 Aug 2022
Sources:
CFO Exclusively
1) Weekly Report (Wk # 31)
- Fishmeal Inventory at port is 186,690 mt
- Weekly off take 34,880 mt
- Weekly arrival 31,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #31/2022
2) Today’s Price Indication (10 August 2022)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,300 |
|
Canola Meal |
China |
36% |
3,630 |
|
DDGS |
USA |
26/28% |
2,660 |
|
Fishmeal |
Peru |
Super |
13,100-13,400 |
|
Fishmeal |
China |
63/150 |
11,000 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,900 |
|
MBM |
Australia |
Beef 50% |
5,800-5,900 |
|
PBM |
USA |
65% |
9,300 |
Comment:
Entering Aug, the demand of fishmeal is continuing steady though aquatic feed production is moving well.
Due to tight Sino-USA relationship and strong US dollar, we estimated soybean importing in Aug-Oct from USA to be dropped and lower than previous 5 years averaged. As such, SBM RMB cash market bounced back & inventory is declining.
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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