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Livestock & Feed Market

January 2, 2019
 
China Whey Weekly: Market stays weak despite tighter supply (week ended Dec 31, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained soft.                        
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 24
(RMB/tonne)

Price as of Dec 31
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,750

7,700

-50

 

Tianjin

7,800

7,700

-100

 

Shandong

7,800

7,800

0

 

Guangdong

8,200

8,200

0

 

Jiangsu

-

-

-

 

Beijing

7,700

7,700

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,800

8,800

0

 

Guangdong

8,800

8,800

0

 

Jiangsu

-

-

-

 

Beijing

8,700

8,700

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1459 (Jan 2)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey stayed stable in the range of US$ 661-783/tonne.
 
 
Market analysis
 
The availability of whey tightened of late as import volumes shrank. However, with demand for piglet feed slack, feed millers cut production, hence curtailing the sales of whey. Traders who were tight on cash lowered prices to entice buyers.
 
 
Market forecast
 
The hog disease outbreak in China remains severe, and is expected to result in poor feed demand. Whey demand is set to be slow, hence putting a lid on the prices.
 

Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.

 

Remarks: Prices refer to CIF China price quotes (US-Dollar) of low-protein whey and are for reference only.

 


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