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CFO's weekly update reports Chinese fishmeal port inventory at 178,140 mt with weekly offtake of 11,450 mt. Indicative prices on 1 February 2023 show SBM at 4,710 RMB/mt, canola meal at 3,390, DDGS at 2,950 and Peruvian super fishmeal at 13,500-13,800 RMB/mt.
Chinese demand is steady after the holiday, with SBM firm on low crush rates, so feed meal prices are holding while fishmeal inventories remain sizable, which caps upside for fishmeal.
chinafeedonline.com.hkFeb 2, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
