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01 Sep 2022
Sources:
CFO Exclusively
1) Weekly Report (Wk # 34)
- Fishmeal Inventory at port is 190,520 mt
- Weekly off take 31,160 mt
- Weekly arrival 31,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #34/2022
2) Today’s Price Indication (31 August 2022)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,500 |
|
Canola Meal |
China |
36% |
3,580 |
|
DDGS |
USA |
26/28% |
2,690 |
|
Fishmeal |
Peru |
Super |
12,900-13,200 |
|
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:
This is a hottest summer on record , China is facing a severe drought and shortage of electricity power which is reduced feed mills operation.
Overall , While the supply of feed produced is affected due to limitation of power, the farmers are also facing the situation of feed shortage and water shortage.
Fishmeal demand is continuing weak during aquatic season while SBM is firm & getting reach to RMB 4,500 /level history high.
We will keep monitoring & reporting how the shortage of water/ power threatening feed industry in coming weeks.
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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