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17 Oct 2024
Sources:
CFO Exclusively
1) Weekly Report (Wk # 41)
- Fishmeal Inventory at port is 353,890 mt
- Weekly off take 25,890 mt
- Weekly arrival 10,200 mt
Full report, please click below link CFO China Feed Market Weekly Update #41/2024
2) Today’s Price Indication (16 October 2024)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,070 |
|
Canola Meal |
China |
36% |
2,400 |
|
DDGS |
USA |
26/28% |
2,020 |
|
Fishmeal |
Peru |
Super |
12,800-12,900 |
|
Fishmeal |
China |
63/150 |
9,400 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
4,300 |
|
MBM |
Australia |
Beef 48% |
4,300 |
|
PBM |
USA |
65% |
7,800-8,000 |
Today Comments:
The demand for aquaculture has declined recently, and fishmeal transactions is poor. Fishmeal inventory at China ports have dropped to less than 360,000 tons, they are still at historically high levels. The fishmeal market continues to be under pressure. We estimated the short-term fishmeal market continues to remain weak.
3) China Feed Production September 2024
|
Item |
Total |
Compound |
Concentrate |
Additive |
|
Sept 2024 (10,000 ton) |
2,815 |
2,617 |
119 |
66 |
|
+/- compare with Aug 2024 (%) |
+1.2 |
+0.4 |
+14.0 |
+9.1 |
|
+/- compare with Jan to Sept 2023 (%) |
-4.1 |
-4.3 |
-2.2 |
-0.1 |
|
Total Jan-Sept 2024 (10,000 ton) |
22,641 |
21,094 |
1,033 |
511 |
|
+/- Cumulative Jan-Sept yr-on-yr % |
-3.0 |
-2.7 |
-10.3 |
-2.3 |
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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