1) Weekly Report (Wk # 10)
- Fishmeal Inventory at port is 195,920 mt 
- Weekly off take 23,870 mt
- Weekly arrival 33,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #10/2023

2) Today’s Price Indication (15 March 2023)

Comment:
Soybean meal has continued to decline from RMB 6000 /mt to nearly 4,000 /mt so far in 7 months.  Although the price of SBM has fallen recently, overall, it is still at a high level in recent years. With the arrival of imported Brazilian soybeans in April /May, SBM is sufficient and we are expecting the price will further drop.

Canola meal demand is gradually entering the recovery stage with the aquaculture market, the consumption of canola is increasing rapidly and the demand for livestock and poultry farming is increasing.

Fishmeal RMB price is supported by strong high import costs. However, the off-season of aquatic consumption limits the overall consumption of fishmeal, and the inventory of fishmeal in ports increases slowly.

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