22 Nov 2024

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CFO News Weekly Update # 14-15/2024

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18 Apr 2024
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 15)
- Fishmeal Inventory at port is 250,250 mt
- Weekly off take 22,200 mt
- Weekly arrival 42,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #15/2024

2) Today’s Price Indication (17 April 2024)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,390

Canola Meal

China

36%

2,720

DDGS

USA

26/28%

2,290

Fishmeal

Peru

Super

16,400-16,700

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:
The fishmeal International market is under pressure, among which the pre-sale price of Peruvian super steam fish meal is referenced at CNF US$1,900/ton level , down US$150/ton.

In China, the demand recovery is pretty slow and the fishmeal inventory at China main ports is high. In the short-term, most of buyers prefer continue to set back & wait till the fishing situation in Peru is more clear. 

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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