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05 Sep 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 35)
- Fishmeal Inventory at port is 294,280 mt
- Weekly off take 30,290 mt
- Weekly arrival 63,500 mt
Full report, please click below link CFO China Feed Market Weekly Update #35/2024
2) Today’s Price Indication (04 September 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,120 |
|
Canola Meal |
China |
36% |
2,470 |
|
DDGS |
USA |
26/28% |
2,020 |
|
Fishmeal |
Peru |
Super |
14,000-14,100 |
|
Fishmeal |
China |
63/150 |
10,600 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
4,400 |
|
MBM |
Australia |
Beef 48% |
4,400 |
|
PBM |
USA |
65% |
7,800-8,000 |
Today Comments:
Fishmeal inventory at China main ports has increased to nearly 300,000 tons, and the market buying activity is pretty quiet. The fishmeal trader is keen to sell at lower level. Foresee fishmeal RMB market is still under pressure.
As for Soybean meal RMB market is a bit improved and inventories fell back from high levels, which continued to support a rebound in soybean meal RMB prices, but the increase was limited.
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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