1) Weekly Report (Wk # 26)
- Fishmeal Inventory at port is 203,880 mt 
- Weekly off take 34,010 mt
- Weekly arrival 16,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #26/2023

2) Today’s Price Indication (5 July 2023)

Comment:
SBM: The market continued to digest the impact of the decline in US soybean production, which may eventually lead to a reduction in supply. Soybean meal RMB market shall continue firm.

Canola meal: The consumption of canola meal continues to be in the peak season in July. The total consumption will continue to grow, and demand is strong in aqua feed production.

Fishmeal: Peruvian super prime RMB price is continuing firm and hit the historic high.  FM RMB prices indication is pretty chaotic and extremely high. Up to the current over RMB 18000/mt level, most of end users are hesitate to enter the market and prefer wait & see which restricts the overall FM market transactions. Foresee FM will continue to be strong waiting for the fishing policy to be further clarified.

Poultry meal: Importing quantity is double in comparison with year 2022. Inventory of PBM at port is high but RMB price is firm just simply due to strong fishmeal at present. Season of demanding PBM will be slowing down from Nov till April.

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