1) Weekly Report (Wk # 38)
- Fishmeal Inventory at port is 146,530 mt 
- Weekly off take 25,630 mt
- Weekly arrival 13,700 mt
Full report, please click below link CFO China Feed Market Weekly Update #38/2023

2) Today’s Price Indication (27 September 2023)

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

4) China Feed Production August 2023

Comment:
Fishmeal: Imported fishmeal inventory at port is gradually decreased. This is mainly due to the pre-holiday demand. Entering this week market is pretty quiet plus the peak season is ending. At present, price of imported fishmeal is negotiable and we recorded about RMB 200/mt discounted at Northern port Dalian. We are expecting the market is continuing weak in coming week.

SBM/Canola Meal: Soybean meal, demand is slowing at end of peak season, overall RMB market is weak.
As for canola, importing quantity from Canada is obviously increasing so that supply of canola /rapeseed meal is sufficient.  However, on the demand side, aquatic feed season is ending; consumption of canola meal is decreasing.

Poultry Meal: In August, total imported PBM Qty recorded 26,831.78mt which is slowing down comparison with early this year. Total imported quantity from Jan-Aug 2023 reached 237,378 mt which is more than double of year 2022 (114,808mt). At present, market is not very active as Chinese are expecting RMB prices will be moving downward. We expect market to be continuing quiet till after Mid-Autumn & National Holiday, i.e. The 2nd week of Oct. 

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 .  

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