18 Oct 2024

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CFO News Weekly Update # 37-38/2024

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25 Sep 2024
Sources: 
CFO Exclusively

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
Production

Compound
Feed

Concentrate
Feed

Additive
Premix

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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