1) Weekly Report (Wk # 41)
- Fishmeal Inventory at port is 199,120 mt 
- Weekly off take 29,450 mt
- Weekly arrival 31,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #41/2022

2) Today’s Price Indication (18 October 2022)

Comment:
SBM: Shipment from USA is back to normal.  However, tight supply is still the main factor supporting soybean meal prices running at record highs. 

Canola Meal: The arrival of imported canola is still insufficient, and the stock of canola meal continues to decline, and the overall price of SBM continues to be strong, which boosts Canola meal as well.  

Fishmeal: The current of Peruvian fish meal is moving higher at about US$1770/mt, up 20 US dollars / ton;. High costs continue to boost the fishmeal prices in Chinese market though fishmeal inventory is slowly increasing to close to 200,000 tons level.

MBM: Australian MBM supplying is overall tight due to short of cattle, Australia Bovine MBM indication is at about US$720 high for Nov/Dec shipment.  We are expecting the low cattle production situation will not improve after Christmas/New year holidays due to plants shut down during this period.

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