22 Dec 2024

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CFO News Weekly Update # 47-48/2024

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05 Dec 2024
Sources: 
CFO Exclusively

1) Weekly Report (Wk # 48)
- Fishmeal Inventory at port is 286,760 mt
- Weekly off take 29,000 mt
- Weekly arrival 12,300 mt
Full report, please click below link CFO China Feed Market Weekly Update #48/2024

2) Today’s Price Indication (04 December 2024)

Products

Origin

Quality

RMB/mt

SBM

China

43%

3,000

Canola Meal

China

36%

2,210

DDGS

USA

26/28%

2,150

Fishmeal

Peru

Super

13,400-13,500

Fishmeal

China

63/150

10,000

MBM

Uruguay/Argentina

Beef 45%

4,200

MBM

Australia

Beef 48%

4,200

PBM

USA

65%

8,100-8,200


Today Comments:
Peruvian fishmeal producers are not actively quoting prices. The pre-sale price of Peruvian new season fish meal is referenced at CNF1,620/ton, which is an increase of US$20/ton. The actual transaction price is negotiated.

In China, fishmeal inventory at the port have dropped to 286,000 tons, and boosted by the firm external market. Basically, the RMB price is stable. In the short term, we estimated fishmeal continues to be firm and stable, and we continue to pay attention to the fishing progress in Peru.

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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