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1) Weekly Report (Wk # 46)
- Fishmeal Inventory at port is 170,340 mt
- Weekly off take 16,990 mt
- Weekly arrival 32,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #46/2023
2) Today’s Price Indication (22 November 2023)
Products |
Origin |
Quality |
RMB/mt |
SBM |
China |
43% |
4,170 |
Canola Meal |
China |
36% |
3,050 |
DDGS |
USA |
26/28% |
2,550 |
Fishmeal |
Peru |
Super |
17,500-17,900 |
Fishmeal |
China |
63/150 |
11,500 |
MBM |
Uruguay/Argentina |
Beef 45% |
5,000 |
MBM |
Australia |
Beef 48% |
5,000 |
PBM |
USA |
65% |
8,500 |
3) Importing Statistics / October 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 October 2023
item |
Total |
Compound |
Concentrate |
Additive |
October 2023 (10,000 ton) |
2,762 |
2,574 |
113 |
60 |
+/- compare with Sep 2023 (%) |
-2.0 |
-1.7 |
-5.3 |
-9.5 |
+/- compare with Jan to Oct 2022 (%) |
-0.5 |
0.0 |
-13.5 |
+0.7 |
Total Jan-Oct 2023 (10,000 ton) |
26,026 |
24,186 |
1,147 |
583 |
+/- Cumulative Jan-Oct yr-on-yr % |
+7.8 |
+8.0 |
-1.1 |
+16.8 |
Today Comments:
Soybean Meal: Continued losses in pig and broiler farming, SBM is keeping weak in demand.
Fishmeal: Importing fishmeal of standard grade RMB selling price is adjusted lower for about RMB 300/mt at about RMB 14700-15600/mt level. As for China local produced fishmeal RMB prices are also declining at about RMB 500/mt. Per our investigation, 63% protein with TVN 150 is offered at RMB 11,500/mt. This time adjustment mainly is from weak demand. Foresee the fishmeal cash market in China is continuing weak.
Animal Protein: At present, most of PBM Chinese importers facing a severe losses and some are up to RMB2,000/mt. It is hard to move cargo under the weak demand.
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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