1) Weekly Report (Wk # 38)
- Fishmeal Inventory at port is 199,580 mt 
- Weekly off take 37,510 mt
- Weekly arrival 39,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #38/2022

2) Today’s Price Indication (29 September 2022)

Comment:
The shortage of soybean meal supply continued to push the RMB price hit historic high.   However, the current high price RMB 5300/mt level of soybean meal has made farmers and feed mills less willing to enter the market. 

In 2021, the proportion of soybean meal in the feed has dropped to 15.3%, down 2.5 percentage points from 2017, saving 11 million tons of soybean meal, equivalent to 14 million tons of soybeans.

The percentage of SBM in feed shall continuing adjusted lower under the Ministry of Agriculture’s promotion  “ soybean meal reduction and substitution” are:
1) low-protein amino acid balanced ration technology,
2) multi-grain and multi-meal-type diversified ration technology,
3) high-efficiency processing technology of feed precise formula

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