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06 Jun 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 22)
- Fishmeal Inventory at port is 245,960 mt
- Weekly off take 27,630 mt
- Weekly arrival 18,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #22/2024
2) Today’s Price Indication (05 June 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,400 |
|
Canola Meal |
China |
36% |
2,780 |
|
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 |
Today Comments:
Peruvian fishmeal RMB price is basically stable in China. Fishmeal inventory at China main ports is slightly declining. However, feed makers’ order quantity is just hand to mouth volume. In the short term, demand of imported fishmeal is expected continuing weak.
On the other hand, China's hog herd is declining and pork demand is weak, as a result, SBM RMB price is declined at three-years low level.
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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