22 Nov 2024

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CFO News Weekly Update # 37-38

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22 Sep 2022
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 37)
- Fishmeal Inventory at port is 197,990 mt 
- Weekly off take 27,880 mt
- Weekly arrival 13,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #37/2022

2) Today’s Price Indication (21 September 2022)

Products

Origin

Quality

RMB/mt

SBM

China

43%

5,130

Canola Meal

China

36%

3,940

DDGS

USA

26/28%

2,840

Fishmeal

Peru

Super

12,700-13,100

Fishmeal

China

63/150

10,600

MBM

Uruguay/Argentina

Beef 45%

6,000

MBM

Australia

Beef 50%

6,000

PBM

USA

65%

9,800

Comment:
In recent years, the import volume of grain (including soybean & corn )has remained high and prices have continued to rise. The Ministry of Agriculture has put on the agenda of China's aquaculture industry to "strengthen the reduction and substitution of feed grains" such as Soybean Concentrated, DDGS, etc.

As for pig feed, Nowadays, most feed companies have achieved no corn in the middle and late stages of pig feed, and the amount of soybean meal has also been significantly reduced .

Soybean RMB domestic prices continuing hit the historic high, today indication closed to RMB 5100 high.   

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

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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