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1) Weekly Report (Wk # 38)
- Fishmeal Inventory at port is 343,450 mt
- Weekly off take 22,660 mt
- Weekly arrival 31,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #38/2024
2) Today’s Price Indication (25 September 2024)
Products |
Origin |
Quality |
RMB/mt |
SBM |
China |
43% |
3,130 |
Canola Meal |
China |
36% |
2,520 |
DDGS |
USA |
26/28% |
2,060 |
Fishmeal |
Peru |
Super |
13,600-13,700 |
Fishmeal |
China |
63/150 |
10,300 |
MBM |
Uruguay/Argentina |
Beef 45% |
4,300 |
MBM |
Australia |
Beef 48% |
4,300 |
PBM |
USA |
65% |
7,800-8,000 |
Today Comments:
In China, imported fishmeal continues to be under pressure. Fishmeal inventory at China main ports continue to rise & reach to about 350,000 tons. Demand is restricted and sales is poor. At present, the RMB price of Peruvian super prime fish meal has dropped by 100 yuan/ton today !!! We are expected fishmeal Chinese market will continue to be weak.
Other animal proteins including MBM & Poultry meal imported quantity from Jan -Aug 2024 also largely reduced more than 18% comparison with previous year. Full details of importing statistics please check the link as below:
3) China Feed Production August 2024
Item |
Total |
Compound |
Concentrate |
Additive |
Aug 2024 (10,000 ton) |
2,783 |
2,606 |
105 |
60 |
+/- compare with Jul 2024 (%) |
+5.0 |
+4.9 |
+5.8 |
+7.2 |
+/- compare with Jan to Aug 2023 (%) |
-5.7 |
-5.0 |
-21.2 |
-2.6 |
Total Jan-Aug 2024 (10,000 ton) |
19,826 |
18,477 |
914 |
457 |
+/- Cumulative Jan-Aug yr-on-yr % |
-3.4 |
-3.1 |
-11.6 |
-2.6 |
4) Importing Statistics / August 2024
Major importing items including Fishmeal, Fish oil, MBM, PBM, Soybean, Canola Meal.
Please click here [CFO Statistics Page] to take a look.
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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