1) Weekly Report (Wk # 49)
- Fishmeal Inventory at port is 228,710 mt 
- Weekly off take 23,230 mt
- Weekly arrival 25,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #49/2022

2) Today’s Price Indication (14 December 2022)

Comment:
China is facing the severe covid-19 after zero-policy removed. Generally speaking, almost all feedstuffs demand is slowing & and prices adjusted lower.

Fishmeal:  The domestic imported fishmeal market is generally quiet. The price of Peruvian super prime is slightly lowered to 13,700-13,800 yuan/ton, down 200 yuan/ton. In the short term, the Peruvian market will continue to hold up prices, while Chinese demand will be weak. 

Soybean Meal High quantity of soybean is continuing arriving China, as such the stocks of soybeans and soybean meal both climbed. At present, it is the strong demand of SBM for supplying new year seasons consumption. We are expecting the SBM RMB price will be stabilized in coming weeks.

Canola meal: Supply of imported canola is sufficient, the profit of canola crushing is relatively high, the operating rate of oil plants remains high, and the supply of canola meal is sufficient. However, overall demand for canola meal has dropped seasonally so that the price of canola meal continues to fall. It is expected that the price of canola meal will continue to remain weak.

China License: Since many areas, offices in Beijing affected by high confirmed cases including government authorities so that MOA License issuance has been affected and is to be delayed.  

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