22 Nov 2024

Join Now     |     Free Trial     |     Login     |     Membership

You are here

CFO News Weekly Update # 38-39/2024

Back to listing

03 Oct 2024
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 39)
- Fishmeal Inventory at port is 359,600 mt
- Weekly off take 33,400 mt
- Weekly arrival 49,800 mt
Full report, please click below link CFO China Feed Market Weekly Update #39/2024

2) Today’s Price Indication (30 September 2024)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,180

Canola Meal

China

36%

2,580

DDGS

USA

26/28%

2,030

Fishmeal

Peru

Super

13,100-13,200

Fishmeal

China

63/150

10,000

MBM

Uruguay/Argentina

Beef 45%

4,300

MBM

Australia

Beef 48%

4,300

PBM

USA

65%

7,800-8,000


Today Comments:
Fishmeal in Chinese market continues to fall under heavy pressure, with inventory continuing to rise to around 360,000 tons high and demand from end users is very limited.  The current RMB price of Peruvian super prime fishmeal is moving at 13,100-13,200 yuan/ton level. We expect the fishmeal Chinese market shall continue to be weak during national holiday week and coming month.  

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


 

 

 

 

 

 



Back to listing