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1) Weekly Report (Wk # 42)
- Fishmeal Inventory at port is 203,080 mt
- Weekly off take 25,340 mt
- Weekly arrival 29,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #42/2022
2) Today’s Price Indication (26 October 2022)
Products |
Origin |
Quality |
RMB/mt |
SBM |
China |
43% |
5,470 |
Canola Meal |
China |
36% |
4,130 |
DDGS |
USA |
26/28% |
3,030 |
Fishmeal |
Peru |
Super |
13,400-13,800 |
Fishmeal |
China |
63/150 |
11,500 |
MBM |
Uruguay/Argentina |
Beef 45% |
6,200 |
MBM |
Australia |
Beef 48% |
6,200 |
PBM |
USA |
65% |
10,600 |
Comment:
Soybean Meal: supply of SBM in Chinese market is tight mainly due to short of beans (low crushing rate), but demand of SBM is declining at such high prices level.
Fishmeal: Peruvian super prime indication continuing firm at about US$1800 over. Per China Customs importing record, fishmeal imports in Sept increased by about 25.67% year-on-year. However, the fishmeal RMB market is expected to be firm supported by high cost of importing fishmeal.
Canola Meal: The operating rate of domestic canola oil crushing mill continuing to decline, as such the stock of canola meal fell to a low level. Also, SBM continuing firm which supported the RMB price of canola meal. However, aquaculture season is ending, demand of canola is reducing as well.
MBM: Jan-Aug 2022 imports quantity of MBM is about 5.65% lower than year 2021; Consumption of MBM mainly go to pet food production at current high cost. Major importing ports are Tianjin, Dalian, Qingdao, Shanghai and Guangzhou which is account for over 70% of the total imports in China.
3) Importing Statistics / September 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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