23 Nov 2024

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CFO News Weekly Update # 43-44/2024

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07 Nov 2024
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 44)
- Fishmeal Inventory at port is 346,390 mt
- Weekly off take 31,530 mt
- Weekly arrival 33,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #44/2024

2) Today’s Price Indication (06 November 2024)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,090

Canola Meal

China

36%

2,320

DDGS

USA

26/28%

2,080

Fishmeal

Peru

Super

12,500-12,700

Fishmeal

China

63/150

9,100

MBM

Uruguay/Argentina

Beef 45%

4,300

MBM

Australia

Beef 48%

4,300

PBM

USA

65%

8,000-8,100


Today Comments:
Fishmeal Chinese cash market maintained a downward trend in October /November.

Peruvian fishmeal RMB prices was affected by big fishing quota and poor demand in China, the price fell by 500-600 yuan/ton in Oct. Chinese domestic produced fishmeal (63%, TVN 150) fell even more, reaching 900 yuan/ton for the past 4-5 weeks. 

Currently, due to the relatively high fishing quota for the new season in Peru, most fishmeal Chinese manufacturers are preferred to wait for subsequent fishing progress.

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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