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February 24, 2012
 
China Rapeseed Meal Weekly: Slow steady rise in rapeseed meal price (week ended Feb 23, 2012)
 
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Price summary
 
Prices moved higher.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of
Feb 16
(RMB/tonne)

Price as of
Feb 23
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,150

2,150

0

0.00

 

Wuxi

Ex-warehouse

36

2,050

2,100

50

2.44

Anhui

Chaohu

Ex-warehouse

36

2,000

2,000

0

0.00

Hefei

Ex-warehouse

36

2,000

2,000

0

0.00

Anqing

Ex-warehouse

36

2,000

2,000

0

0.00

Hubei

Wuhan

Port

36

1,950

2,050

100

5.13

Jingmen

Ex-warehouse

36

1,950

2,050

100

5.13

Xiangyang

Ex-warehouse

36

1,920

2,000

80

4.17

Hunan

Yueyang

Ex-warehouse

36

1,950

2,000

50

2.56

Changde

Ex-warehouse

36

2,100

2,100

0

0.00

Changsha

Rail Station

36

2,050

2,050

0

0.00

Sichuan

Chengdu

Rail Station

36

2,100

2,200

100

4.76

Ziyang

Ex-warehouse

36

1,550

1,650

100

6.45

Qinglongchang

Ex-warehouse

36

1,520

1,580

60

3.95

Guangdong

Guangzhou

Rail Station

36

1,950

2,000

50

2.56

Average

-

-

1,949

1,995

31

1.63

Prices are representative and for reference only.
RMB1=US$0.1587 (Feb 24)

        
             
Market Analysis
 
Feed millers continued to stock inventories before of the new aquaculture season resumed, helping to shape the upward trend of rapeseed meal prices. Supplies were reportedly tight in Hubei and Anhui provinces.
 
  
Market Forecast
 
With Yunnan's three-year drought showing no sign of improving, China's rapeseed output will be limited this year. This will support prices of rapeseed meal to stay firm.
 

 


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