1) Weekly Report (Wk # 33)
- Fishmeal Inventory at port is 190,380 mt 
- Weekly off take 30,950 mt
- Weekly arrival 28,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #33/2022

2) Today’s Price Indication (24 August 2022)

Comment:
Soybean Meal: Soybean importing quantity is declining this month, coupled with power cuts and poor crushing profits, have restricted the start-up of oil plants and limited soybean meal output.  As such, SBM RMB price is firm & up. 

Fishmeal: local demand is weak, and Chinese fishmeal traders had strong intention to negotiate the RMB price. We estimated the short-term fishmeal market will weaken and adjust, and at the same time pay attention to the pre-sale of fishmeal in the new season.

Canola Meal: During the peak season of domestic aquaculture, the demand for rapeseed meal increased, and the supply of domestic rapeseed meal decreased, and the stock of rapeseed meal dropped sharply, which supported the price of rapeseed meal. At the second highest level in recent years at RMB 3600-3750 level at main ports area.

Pork meat prices continued to soar in July, breeding profits also continued to expand to Aug with an average monthly increase of 31.72%, and the profitability of breeding was very considerable. Overall, SBM prices at this moment supporting the other raw material movement during this hot & drought summer.

3) Importing Statistics / July 2022
Major importing items including Fishmeal, Fish oil, MBM, PBM, Soybean.
Please click here [CFO Statistics Page] to take a look.

4) MOARA Feed and Feed Additive Registration List
MOARA China Feed and Feed Additive Registration List No. 586 published. 
Total 80 facilities /166 products have been approved / renewed.
Full List is published at CFO License website, please [click here]

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