24 Nov 2024

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CFO News Weekly Update # 35-36/2024

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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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