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21 Jun 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 24)
- Fishmeal Inventory at port is 241,960 mt
- Weekly off take 32,410 mt
- Weekly arrival 8,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #24/2023
2) Today’s Price Indication (20 June 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,000 |
|
Canola Meal |
China |
36% |
3,450 |
|
DDGS |
USA |
26/28% |
2,600 |
|
Fishmeal |
Peru |
Super |
16,400-16,500 |
|
Fishmeal |
China |
63/150 |
14,800 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
6,000 |
|
MBM |
Australia |
Beef 48% |
6,000 |
|
PBM |
USA |
65% |
10,800 |
3) China Feed Production May 2023
|
item |
Total |
Compound |
Concentrate |
Additive |
|
May 2023 (10,000 ton) |
2,664 |
2,481 |
112 |
59 |
|
+/- compare with Apr 2023 (%) |
+3.1 |
+3.7 |
-7.9 |
-0.6 |
|
+/-, compare with Jan to May 2022 (%) |
+10.5 |
+10.7 |
+6.1 |
+20.6 |
|
Total Jan-May 2023 (10,000 ton) |
12,300 |
11,416 |
576 |
277 |
|
+/- Cumulative Jan-May yr-on-yr (%) |
+8.6 |
+8.7 |
+5.7 |
+19.4 |
Comment:
The national industrial feed output was 26.64 million tons in May 2023;
increase of 3.1% month-on-month and increase of 10.5% a year-on-year；
The ex-factory prices of feed products mainly decreased month-on-month。
As for Peruvian fishmeal, RMB is continuing firm and up and foresee this situation shall remain same in coming weeks.
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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