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CFO News Weekly Update # 16-17

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27 Apr 2023
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 16)
- Fishmeal Inventory at port is 237,790 mt 
- Weekly off take 22,120 mt
- Weekly arrival 25,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #16/2023

2) Today’s Price Indication (26 April 2023)

Products

Origin

Quality

RMB/mt

SBM

China

43%

4,260

Canola Meal

China

36%

3,120

DDGS

USA

26/28%

2,740

Fishmeal

Peru

Super

14,100-14,500

Fishmeal

China

63/150

12,600

MBM

Uruguay/Argentina

Beef 45%

6,300

MBM

Australia

Beef 48%

6,300

PBM

USA

65%

10,500-10,700

3) Importing Statistics / March 2023
Major importing items including Fishmeal, Fish oil, MBM, PBM, Soybean, Canola Meal.
Please click here [CFO Statistics Page] to take a look.
 

Comments:
Entering late April, demand of various protein meal is recovering so that RMB selling prices are basically firm and up this week including Soybean meal, fishmeal & animal protein. 

Fishmeal RMB prices are moving up quickly to close to US$14,100-14,500/mt range (Peruvian super prime quality) due to fishing activities may be suspended in Peru. 

Poultry meal importing quantity is recovering well. Total about 85,465mt imported with averaged CIF value US$1,135/mt during the 1st quarter mainly from USA and very small volume (1,432mt) from New Zealand.

Comparison with the 1st quarter of year 2022, increasing more than 40,000mt in terms of importing quantity.

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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