Animal Feed Ingredient Market Information In China On November 13, 2020
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Feed Ingredient Price List on November 13, 2020 | ||||
Variety | Today AVG. Price(RMB) | Yesterday AVG. Price(RMB) | Growth | Unit |
Corn/Maize | 2464.61 | 2466.24 | -1.63 | RMB/MT |
Soybean Meal | 3270-3340 | 3320-3350 | -10-50 | RMB/MT |
Rapeseed Meal | 2460.00 | 2465.00 | -5.00 | RMB/MT |
Cotton Seed Meal | 2610.00 | 2610.00 | +0.00 | RMB/MT |
DDGS | 2298.00 | 2298.00 | +0.00 | RMB/MT |
Peruvian Steam Dried Fish Meal | 11300-11600 | 11400-11600 | -100.00 | RMB/MT |
Data Source: China Feedtrade Net Exchange Rate: 100USD=662.85RMB | ||||
Market Comments and Concern
Peruvian Steam Dried Fish Meal
The current reference CNF price in outer market is stable at 1620USD per ton as 220,000 tons have been pre-sold for the next catching season. While in China the fish meal price keeps dropping. The Peruvian steam dried fish meal price decreased 100RMB per ton again. The fish meal inventory at ports keep increasing as the business is very dull. The traders are more willing to sell out. Some traders still concerned on the coming catching progress. Fish meal market will go weak in the short term and the catching status shall be closely watched.
Source: China Feedtrade Net
