1) Weekly Report (Wk # 45)
- Fishmeal Inventory at port is 336,090 mt
- Weekly off take 28,200 mt
- Weekly arrival 17,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #45/2024

2) Today’s Price Indication (13 November 2024)

Comments:
After the U.S. presidential election, the cost of soybean imports is expected to rise, which in turn will push up the RMB price of domestic feed ingredients. As an important feed ingredient, the price of soybean meal will rise sharply due to the increase in Sino-US trade tariffs. In addition to soybeans and soybean meal, the prices of feed ingredients such as corn and sorghum are also affected to varying degrees.

Fishmeal inventory at China ports are declining slowly. Currently, the arrival of fishmeal is decreasing, but demand is average.   At present , Thai-grade and Japanese-grade fishmeal RMB prices are firm & slightly higher due to better demand. While standard grade and super prime fishmeal RMB price is relatively steady.

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