# Welcome to global CFO

> A weekly China feed market update reported fishmeal port inventories near 320,000 mt, with weekly offtake and arrivals both recorded. Indicative prices on November 20 showed soybean meal at 3,060 RMB/mt and Peruvian super fishmeal at 12,900-13,000 RMB/mt. The update also expected soybean meal prices to rise after the US election on tariff concerns.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/27500-welcome-to-global-cfo
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Falling fishmeal arrivals and firm Thai and Japanese grades support Chinese protein prices. Expected tariff increases on US soybeans would lift soybean meal costs in China.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: neutral

## Sources

- chinafeedonline.com.hk: https://www.chinafeedonline.com.hk/node/4013

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.