1) Weekly Report (Wk # 47)
- Fishmeal Inventory at port is 180,170 mt 
- Weekly off take 15,810 mt
- Weekly arrival 25,640 mt
Full report, please click below link CFO China Feed Market Weekly Update #47/2023

2) Today’s Price Indication (29 November 2023)

Today Comments:
Soybean Meal: The performance of pig and poultry breeding is not good. Feed breeding firms mainly buy hand to mouth volume for current use only and overall transaction volume of soybean meal is low. 

Fishmeal: Stocks at China ports continue to increase to more than 180,000 tons, and demand is not good, so pressure exists. Foresee fishmeal domestic market in China continues to be weak in the short term.

Animal protein: Both MBM & PBM cash market in China is on the down trend and not yet stabilized. The problem is extremely low in demand not just prices. We recorded PBM already dropped below RMB 8,000 /mt which is about 2,000-3,000/mt declined since the peaking season of July. 

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