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12 Sep 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 36)
- Fishmeal Inventory at port is 309,760 mt
- Weekly off take 31,620 mt
- Weekly arrival 47,100 mt
Full report, please click below link CFO China Feed Market Weekly Update #36/2024
2) Today’s Price Indication (11 September 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,070 |
|
Canola Meal |
China |
36% |
2,500 |
|
DDGS |
USA |
26/28% |
2,100 |
|
Fishmeal |
Peru |
Super |
13,900-14,000 |
|
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:
In September, the fishing ban in the Yellow and Bohai Seas is ended, and domestic fishmeal will increase in volume, further putting pressure on the RMB fishmeal market. Meanwhile, the imported fishmeal inventory climb to over 300,000 tons at China Main Ports. Also demand is weak so foresee fishmeal market in China continues to be under pressure and there is room for downside.
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@chinafeedonline.com.hk
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