1) Weekly Report (Wk # 08)
- Fishmeal Inventory at port is 185,030 mt 
- Weekly off take 24,410 mt
- Weekly arrival 34,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #08/2023

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

Comment:
SBM: The average transaction price of 43% protein soybean meal in major domestic oil factories was 4,500 yuan/ton, which has dropped to the lowest level since the end of August 2022, and has fallen by more than 1,120 yuan/ton from the high point of 5,620 yuan/ton in mid-November, a drop of 20%. The main reason is that after the domestic soybean supply is sufficient, the crushing volume of oil mills is relatively large.

Canola meal: Farming and feed demand continue to be in the off-season stage. However, the price difference of SBM and canola meal remains high, and the substitution advantage of canola meal is obvious, which boosts the price of canola meal to a certain extent. But it is expected that the price of canola meal will remain weak and volatile in the short term before aqua season starts in April/May.

Fishmeal: The amount of fishmeal arriving at the port has increased, and the market demand is average. The stock of fishmeal at the port has reached more than 180,000 tons. In the short term, under the strong support of Peruvian USD market, the price of fishmeal continues to be firm and stable. Pay attention to the importing fishmeal arrival quantity and the recovery of domestic demand.

Animal protein: Global in particular USA avian flu outbreak largely reduced exporting Poultry meal to China. Poultry meal supply is continuing tight & the highest level price in China is about RMB 11000/mt level.  

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 .  

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