# Welcome to global CFO

> 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.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/37411-welcome-to-global-cfo
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- CANMEAL: bearish ▼
- FISHMEAL: neutral

## Sources

- chinafeedonline.com.hk: https://www.chinafeedonline.com.hk/node/3395

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