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11 Apr 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 14)
- Fishmeal Inventory at port is 229,550 mt
- Weekly off take 21,800 mt
- Weekly arrival 39,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #14/2024
2) Today’s Price Indication (10 April 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,370 |
|
Canola Meal |
China |
36% |
2,700 |
|
DDGS |
USA |
26/28% |
2,290 |
|
Fishmeal |
Peru |
Super |
16,300-16,700 |
|
Fishmeal |
China |
63/150 |
12,300 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
4,800 |
|
MBM |
Australia |
Beef 48% |
4,900 |
|
PBM |
USA |
65% |
8,200-8,500 |
Today Comments:
Fishmeal inventory have climbed to a high point, while the progress of aquatic seedlings has been slow, limiting the demand for fishmeal. Fishmeal RMB prices have weakened and fallen, with the price of Peruvian super prime falling by 100 yuan/ton. It is expected that the fishmeal continues to be under pressure and is operating weakly in Chinese market.
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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