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03 Nov 2022
Sources:
CFO Exclusively
1) Weekly Report (Wk # 43)
- Fishmeal Inventory at port is 215,260 mt
- Weekly off take 25,620 mt
- Weekly arrival 37,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #43/2022
2) Today’s Price Indication (2 November 2022)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
5,550 |
|
Canola Meal |
China |
36% |
4,150 |
|
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:
In view of zero Covid-19 strategy , market is continuing weak overall. Fish meal market is quite in China as poor demand though RMB price is high still mainly supporting by Int’l Peruvian prices. As for animal protein MBM RMB reached historic high RMB 6200 /mt level under the high importing cost of continuing depreciation Chinese Yuan. Many small traders already closed business and current MBM usage mainly pet food producers afford to use.
3) China Feed Production September 2022
|
item |
Total |
Compound |
Concentrate |
Additive |
|
Sept 2022 (10,000 ton) |
2,833 |
2,610 |
152 |
62 |
|
+/- compare with Jan to Sept 2021 (%) |
+7.5 |
+6.8 |
+17.7 |
+14.0 |
|
Total Jan-Sept 2022 (10,000 ton) |
21,579 |
20,015 |
1,040 |
444 |
|
+/- Cumulative Jan-Sept yr-on-yr % |
+3.1 |
+2.5 |
+15.5 |
+1.9 |
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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