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30 May 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 21)
- Fishmeal Inventory at port is 255,290 mt
- Weekly off take 29,860 mt
- Weekly arrival 23,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #21/2024
2) Today’s Price Indication (29 May 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,450 |
|
Canola Meal |
China |
36% |
2,800 |
|
DDGS |
USA |
26/28% |
2,330 |
|
Fishmeal |
Peru |
Super |
16,100-16,500 |
|
Fishmeal |
China |
63/150 |
12,000 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
4,700 |
|
MBM |
Australia |
Beef 48% |
4,800 |
|
PBM |
USA |
65% |
8,300 |
3) China Feed Production April 2024
|
Item |
Total |
Compound |
Concentrate |
Additive |
|
Total April 2024 (10,000 ton) |
2,423 |
2,256 |
98 |
57 |
|
+/- compare with Mar 2024 (%) |
-1.5 |
-0.9 |
-14.8 |
+2.7 |
|
+/-, compare with Apr 2023 (%) |
-7.9 |
-7.4 |
-21.5 |
-1.7 |
|
Total Jan-Apr 2024 (10,000 ton) |
9,319 |
8,649 |
406 |
217 |
|
+/- Cumulative Jan-Apr yr-on-yr (%) |
-3.3 |
-3.2 |
-9.0 |
-0.5 |
Today Comments:
In Peru , fishing quota has been completed about 70% high. In China, fishmeal inventories at ports decline slowly mainly due to the reduced arrival of fishmeal. As for demand is still weak from feed makers. At present, sales transactions are limited. Users still prefer wait and see and only order hand the mouth volume for daily production. Foresee the consumption shall continue slow in coming week.
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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