1) Weekly Report (Wk # 12)
- Fishmeal Inventory at port is 215,180 mt 
- Weekly off take 22,530 mt
- Weekly arrival 30,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #12/2023

2) Today’s Price Indication (29 March 2023)

Comment:
Soybean meal: The transaction volume of SBM is limited, and the price continues to decline under pressure.  Since the Brazilian soybeans ETA China shall gradually increasing entering April, It is expected the SMB RMB price may fall further.

Canola Meal: Entering the 2nd half of April to May, the demand for aquaculture peak season will gradually start, and the supply of domestic canola new crops will be harvest.  We foresee the RMB price of canola meal is firm.

Fishmeal: The inventory of fishmeal in China main ports has continued to rise to more than 210,000 tons, and the consumption demand for fishmeal is average.  At present, the price of imported Peruvian super prime is sold at concentrated at the range of 13,500-13,800 yuan/ton, and price is negotiable. The short-term fishmeal market is expected to be under pressure still.  

Animal Protein: Poultry meal importing quantity largely increased entering Feb , Per China Customs, about 24000 mt quantity imported mainly from USA which is almost double quantity comparison with Feb 2022.  As for MBM, buying intention is not as strong as PBM due to weak SBM.

For more China customs statistics, please visit [CFO Statistics Page].

Remark:
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