# Welcome to global CFO

> CFO's weekly update shows Chinese port fishmeal inventory at 215,480 mt with weekly offtake of 31,570 mt against arrivals of 44,300 mt. Superprime fishmeal was down about RMB200/mt, and soybean meal inventories remain high on limited end-user demand.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/28891-welcome-to-global-cfo
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising port stocks and weak offtake signal continued downward pressure on Chinese fishmeal and soymeal prices, reducing import values for feed buyers.

## Read by commodity

- SBM: bearish ▼
- FISHMEAL: bearish ▼

## Sources

- chinafeedonline.com.hk: https://www.chinafeedonline.com.hk/node/3907

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