# Welcome to global CFO

> CFO's weekly update reported Chinese fishmeal port inventories at 204,080 mt with arrivals of new-season fishmeal rising. Peruvian super prime fishmeal fell 100 yuan/ton to 15,700-15,800 yuan/ton, and soybean meal prices in China were expected to keep falling due to heavy bean imports.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/29349-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 limited downstream demand point to continued softness in fishmeal and soybean meal prices in China.

## Read by commodity

- SBM: bearish ▼
- FISHMEAL: bearish ▼

## Sources

- chinafeedonline.com.hk: https://www.chinafeedonline.com.hk/node/3881

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