1) Weekly Report (Wk # 27)
- Fishmeal Inventory at port is 204,080 mt
- Weekly off take 27,960 mt
- Weekly arrival 31,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #27/2024

2) Today’s Price Indication (10 July 2024)

Today Comments:
Entering July, the new season fishmeal will gradually arrive at the China main ports. However, the downstream demand is still limited, causing the fishmeal inventory at the Chinese ports to increase again, and some fishmeal holders are more willing to follow the price. The current price of Peruvian super prime steam fish meal is sold at 15,700-15,800 yuan/ton, down 100 yuan/ton this week. We will continue monitoring the arrival rhythm of fishmeal and Chinese market demand.

As for Soybean meal, RMB price continues adjusted lower due to large quantity of beans imported with high crushing rate. Foresee soybean meal RMB prices will continue to fall.

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