1) Weekly Report (Wk # 27)
- Fishmeal Inventory at port is 178,940 mt 
- Weekly off take 35,140 mt
- Weekly arrival 10,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #27/2023

2) Today’s Price Indication (12 July 2023)

Comment:
- Fishmeal RMB prices continuing firm and we foresee this situation will continue till fishing policy clear under the peak season in China.   

- Soybean meal RMB price is continuing increasing in recent weeks, total about 11% more increased. As such, most of major feed makers has increased the final feed product selling price at RMB 50-100/mt about to reflect the high cost especially the very weak RMB vs US Dollar.  We are expecting the SBM shall remain strong in the short term 

-  Animal protein /MBM: strong SBM is obviously helping MBM sales movement in China domestic market.

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