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CFO News Weekly Update # 13-14

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06 Apr 2023
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 13)
- Fishmeal Inventory at port is 221,050 mt 
- Weekly off take 21,930 mt
- Weekly arrival 27,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #13/2023

2) Today’s Price Indication (6 April 2023)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,990

Canola Meal

China

36%

3,050

DDGS

USA

26/28%

2,750

Fishmeal

Peru

Super

13,500-13,800

Fishmeal

China

63/150

12,300

MBM

Uruguay/Argentina

Beef 45%

6,300

MBM

Australia

Beef 48%

6,300

PBM

USA

65%

10,500-11,000


Comment:
Soybean Meal: RMB price is slightly adjusted up due to end users buying intention increasing.

Fishmeal: China main ports inventory is increasing but we are expecting demand shall picking up entering April though overall demand is not as good as normal year.

Meat & Bone Meal: market is poor mainly due to cheap SBM. It’s hard to move domestic cargo at this moment. In particular, it’s all are at high importing cost.

Conclusion: Although the demand for breeding and feed production will continue to recover slowly in April, the general situation that the overall demand of feed is still obviously weak remains unchanged.


3) MOARA Feed and Feed Additive Registration List
MOARA China Feed and Feed Additive Registration List No. 662 published. 
Total 106 facilities /233 products have been approved / renewed.
Full List is published at CFO License website, please [click here]

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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