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08 Aug 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 31)
- Fishmeal Inventory at port is 227,630 mt
- Weekly off take 31,750 mt
- Weekly arrival 43,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #31/2024
2) Today’s Price Indication (07 August 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
2,970 |
|
Canola Meal |
China |
36% |
2,420 |
|
DDGS |
USA |
26/28% |
2,160 |
|
Fishmeal |
Peru |
Super |
15,100-15,400 |
|
Fishmeal |
China |
63/150 |
11,400 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
4,500-4,600 |
|
MBM |
Australia |
Beef 48% |
4,500-4,600 |
|
PBM |
USA |
65% |
7,800-8,000 |
Today Comments:
This week, fishmeal RMB cash market lower again about RMB 300/mt mainly due to weak demand & inventory of fishmeal at China main ports continuing moving up. It is not expected the market situation could be improved in the short term because it takes time to digest all of those parcel at warehouse.
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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