1) Weekly Report (Wk # 44)
- Fishmeal Inventory at port is 221,620 mt 
- Weekly off take 25,340 mt
- Weekly arrival 31,700 mt
Full report, please click below link CFO China Feed Market Weekly Update #44/2022

2) Today’s Price Indication (9 November 2022)

Comment:
SBM : Domestic soybean supply is still tight, but pig and poultry breeding demand is strong.  The soybean meal inventory continues to be at a low level. It is expected that the SBM RMB price will continue to run strongly in the short term.

Canola Meal: It is predicted that domestic rapeseed meal production and supply in November will increase significantly month-on-month, and the demand for aquaculture on the demand side will continue to decline sharply during winter time but the alternative demand for soybean meal is still significantly strong.  The overall Canola meal RMB trend is weak and fluctuating, with more falling and less rising. 

Fishmeal: RMB prices are firm and supported by high importing cost but the Chinese market demand is fair and the market transaction is quiet.  It is expected the fishmeal market in China will continue to hold prices and we are going to wait and see how Peruvian fish resources investigation results. 

MBM: indication at RMB 6,400/mt level and mainly for pet food production due to high cost.  As for poultry meal price is firm at about RMB 11,000/mt with good profit for those cargo imported earlier

Remark:
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