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CFO News Weekly Update # 30-31

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03 Aug 2023
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 30)
- Fishmeal Inventory at port is 161,770 mt 
- Weekly off take 32,050 mt
- Weekly arrival 34,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #30/2023

2) Today’s Price Indication (2 August 2023)

Products

Origin

Quality

RMB/mt

SBM

China

43%

4,480

Canola Meal

China

36%

3,780

DDGS

USA

26/28%

2,940

Fishmeal

Peru

Super

18,900-19,000

Fishmeal

China

63/150

17,300

MBM

Uruguay/Argentina

Beef 45%

6,000

MBM

Australia

Beef 48%

6,000

PBM

USA

65%

12,000


Comment:
Soybean meal RMB market is continuing strong. Also, fishmeal traders stand firm and wait and see. The price of imported Peruvian super prime some indication exceeds 19,000/mt and the transaction price is negotiated. At the same time, the inventory of fishmeal in the port continued to decline until around 160,000 mt and the fishmeal market is expected to be remaining firm in the short term.

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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