Feed By-products: PKE, DDGS, Rice Bran, Fishmeal & Fish Oil

CBIL is a commodity brokerage company and brokers the by-products that a feed mill buys alongside its soybean meal and grain: palm kernel expeller (PKE), the cheapest ruminant energy on the water, bought on fat, fibre, shell content and aflatoxin; corn DDGS, the ethanol co-product that displaces both meal and corn, bought on protein, fat, colour and mycotoxins; rice bran, the milling by-product bought on oil content, free fatty acids and fibre, full-fat or de-oiled; and the two products of the fish reduction plants, fishmeal, bought on protein, TVN, histamine and antioxidant for aquafeed, pig and poultry diets, and fish oil, bought on EPA+DHA, free fatty acids and oxidation values for aquafeed and omega-3 refining. The seaborne supply is concentrated. The 2025 export declarations show Indonesia at 5.37 million MT of HS 2306 oilcake at an average USD 126/MT and Malaysia at 2.39 million MT at USD 131, which is the PKE trade; the USA at 13.39 million MT of HS 2303 distillers and starch residues at USD 253; and the HS 2302 bran heading led by Argentina at 1.21 million MT, the USA at 0.92 million MT, Brazil at 0.84 million MT and Indonesia at 0.69 million MT. For the marine ingredients, 2024 declarations put Peru at 959,668 MT and Chile at 252,945 MT of HS 2301.20 fishmeal, and Denmark at 108,125 MT, Norway at 102,813 MT, Chile at 99,816 MT and Peru at 99,662 MT of HS 1504.20 fish oil; Peru's 2026 first anchovy season closed from 21 August with about a quarter of its quota landed. We work each enquiry against SGS or Intertek certification on the buyer's own limits, structure Handysize and Supramax bulk parcels on FOB and CFR terms with bagged containers for trial lots and for fishmeal, move fish oil in flexitanks and ISO tank containers, and because CBIL also runs a chartering desk (LaycanDesk) the freight leg can be quoted with the cargo. Soybean meal, wheat flour and wheat bran have their own pages under the soybean and wheat families.