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20 Jun 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 24)
- Fishmeal Inventory at port is 221,080 mt
- Weekly off take 27,900 mt
- Weekly arrival 11,400 mt
Full report, please click below link CFO China Feed Market Weekly Update #24/2024
2) Today’s Price Indication (19 June 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,280 |
|
Canola Meal |
China |
36% |
2,620 |
|
DDGS |
USA |
26/28% |
2,290 |
|
Fishmeal |
Peru |
Super |
16,100-16,200 |
|
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:
The Chinese fishmeal market is basically stable. Peru’s fishing season is coming to an end.
Fishmeal at China main ports continue to decline, however, the new season fishmeal will gradually arrive China. Foresee the fishmeal RMB is continuing weak in coming weeks.
3) China Feed Production May 2024
|
Item |
Total |
Compound |
Concentrate |
Additive |
|
Total May 2024 (10,000 ton) |
2,513 |
2,346 |
98 |
56 |
|
+/-, compare with Apr 2024 (%) |
+3.7 |
+4.0 |
+0.3 |
-2.4 |
|
+/-, compare with Jan to May 2023 (%) |
-7.5 |
-7.3 |
-14.0 |
-4.3 |
|
Total Jan-May 2024 (10,000 ton) |
11,832 |
10,995 |
504 |
273 |
|
+/- Cumulative Jan-May yr-on-yr (%) |
-3.8 |
-3.7 |
-9.7 |
-1.4 |
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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