1) Weekly Report (Wk # 43)
- Fishmeal Inventory at port is 145,830 mt 
- Weekly off take 21,760 mt
- Weekly arrival 28,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #43/2023

2) Today’s Price Indication (1 November 2023)

Today Comments:
Fishmeal: Fishmeal market in china has entered the seasonal off-season for aquatic products. The demand for fishmeal is limited, market transactions are poor, and fishmeal stocks at ports have increased. Peruvian super prime fishmeal has dropped by RMB100-200 /mt today. Recently, some Peruvian manufacturers announced that they will suspend production activities indefinitely from 0:00 on October 30, 2023 mainly due to concerning supervisory measures of the Peruvian Ministry of Production.

Soybean meal: Domestic pig and broiler breeding losses have led to feed breeding companies being cautious in restocking. Soybean meal transactions are quiet, and inventories are still at relatively high levels for the same period in recent years. This will put pressure on the SBM market, and may continue to fluctuate and weaken.

Canola meal: At present, domestic canola crushing profits are relatively good, and buying canola seeds is active. Imported canola will continue to arrive at the port beyond expectations, and supply pressure will not decrease.  As for demand side has entered the off-season stage, the demand for canola meal is limited which is insufficient to support for prices, it is expected canola meal RMB prices shall remain weak.

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