1) Weekly Report (Wk # 09)
- Fishmeal Inventory at port is 185,890 mt 
- Weekly off take 24,740 mt
- Weekly arrival 25,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #09/2023

2) Today’s Price Indication (8 March 2023)

Comment:
The transaction of soybean meal is sluggish, and the average transaction price has fallen 6 months low.  Recently, several major feed makers have reduced feed products selling price. Such as pig concentrates feed have been reduced by 200-300 yuan/ton. Generally speaking, SBM & other raw materials RMB prices are moving downward which is helping the restoration of breeding profits to have a better performance.  As for fishmeal, demand is fair and RMB prices are steady mainly supported by Peruvian International prices. Inventory at China main port is increasing and actual transaction has a big room in negotiation in Chinese market.

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