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CFO News Weekly Update # 04-05

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02 Feb 2023
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 04)
- Fishmeal Inventory at port is 178,140 mt 
- Weekly off take 11,450 mt
- Weekly arrival 2,150 mt
Full report, please click below link CFO China Feed Market Weekly Update #04/2023

2) Today’s Price Indication (1February 2023)

Products

Origin

Quality

RMB/mt

SBM

China

43%

4,710

Canola Meal

China

36%

3,390

DDGS

USA

26/28%

2,950

Fishmeal

Peru

Super

13,500-13,800

Fishmeal

China

63/150

11,700

MBM

Uruguay/Argentina

Beef 45%

6,500

MBM

Australia

Beef 48%

6,500

PBM

USA

65%

11,000


Comment:
Generally , Chinese feed market demand is steady after lunar new year holiday .
-SBM: cash market is firm due to low crushing rate during holiday and expected limited soy arrival China in Feb.
- Fishmeal: RMB price is steady as usual and we do not expect any big changes in coming weeks.
- Canola meal : demand is low during winter time , however, we noted users are trying to purchase for Spring time production which could support the current weak prices.   

3) Importing Statistics / December 2022
Major importing items including Fishmeal, Fish oil, MBM, PBM, Soybean, Canola Meal.
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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