1) Weekly Report (Wk # 45)
- Fishmeal Inventory at port is 223,480 mt 
- Weekly off take 25,740 mt
- Weekly arrival 27,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #45/2022

2) Today’s Price Indication (16 November 2022)

3) China Feed Production October 2022

In October 2022, the national industrial feed output will be 26.72 million tons, a month-on-month decrease of 5.7% and a year-on-year increase of 0.2%.  

Comment:
Fishmeal: The domestic fishmeal price remained stable. Up to now, the Peruvian super prime fishmeal in the China main ports is stabilized at 13,400-13,800 yuan / ton. The market demand is general, and the port fishmeal inventory continues to increase. In the short term, we are expecting the fishmeal RMB market continues to be stable.

Soybean Meal: Although the new arrival of soybean to China is still low but it is gradually increasing.  At present, the supply of SBM has increased and RMB price is still firm.

Canola Meal: Demand of canola meal is weak due to season is ending and we estimated the RMB price is moving downwards during this winter season. 

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