22 Nov 2024

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CFO News Weekly Update # 28-29/2024

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25 Jul 2024
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 29)
- Fishmeal Inventory at port is 202,750 mt
- Weekly off take 30,920 mt
- Weekly arrival 22,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #29/2024

2) Today’s Price Indication (24 July 2024)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,120

Canola Meal

China

36%

2,520

DDGS

USA

26/28%

2,260

Fishmeal

Peru

Super

15,400-15,700

Fishmeal

China

63/150

11,700

MBM

Uruguay/Argentina

Beef 45%

4,600

MBM

Australia

Beef 48%

4,600

PBM

USA

65%

7,800-8,000


Today Comments
The imported fishmeal market is under pressure. Chinese feed producers prefer to hand-to-mouth buying fishmeal as lack of confidence. At the same time, the subsequent arrival of fishmeal will increase significantly, and the psychological pressure of inventory at China main ports will increase so the fishmeal RMB prices will further drop. At present, the price of Peruvian super prime fishmeal is few hundreds yuan lower than that in early July. It is expected that fishmeal Chinese market shall continues to be weak.

3) Importing Statistics / June 2024
Major importing items including Fishmeal, Fish oil, MBM, PBM, Soybean, Canola Meal.
Please click here [CFO Statistics Page] to take a look.

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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