1) Weekly Report (Wk # 33)
- Fishmeal Inventory at port is 244,830 mt
- Weekly off take 33,680 mt
- Weekly arrival 39,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #33/2024

2) Today’s Price Indication (21 August 2024)

Today Comments:
Fishmeal RMB cash market is under pressure. Fishmeal inventory at China main ports are rising at a high level, and most of traders are prefer to wait & see. The fishmeal RMB sales transactions are limited.  The price of Peruvian super steam fishmeal fell by 200 yuan/ton today.  It is expected that fishmeal RMB market will continue to be under pressure in coming month.

As for supply of Soybean and soybean meal at Chinese ports are sufficient, and the very weak demand is difficult to reverse in the short term. In view of supply of Canola Meal is sufficient as well, but the downstream consumption, especially of aquatic feed, is lower than expected. In addition, at present the RMB price difference of Soybean Meal and Canola Meal is minimum, so it is obviously the Canola Meal RMB market shall continues to fluctuate within a very narrow range.

As for animal proteins (poultry meal & MBM), RMB prices followed fishmeal declined as well in Chinese market.

3) China Feed Production July 2024

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 .  

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