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08 Nov 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 44)
- Fishmeal Inventory at port is 150,040 mt
- Weekly off take 16,090 mt
- Weekly arrival 20,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #44/2023
2) Today’s Price Indication (7 November 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
4,350 |
|
Canola Meal |
China |
36% |
3,260 |
|
DDGS |
USA |
26/28% |
2,540 |
|
Fishmeal |
Peru |
Super |
17,500-18,100 |
|
Fishmeal |
China |
63/150 |
13,000 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
5,600 |
|
MBM |
Australia |
Beef 48% |
5,600 |
|
PBM |
USA |
65% |
9,300-9,500 |
Today Comments:
Fishmeal market demand in china is continuing weak . Most of stockholders prefer to wait and see. Aquatic consumption has decreased, fishmeal moved out from China main ports have been slowed, and inventories are continuing to increase.
Following the fishmeal weak momentum, we recorded animal protein demand and prices are keeping moving downward as well.
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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