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Market Reports

March 11, 2012
 
China Rapeseed Meal Weekly: Slow aquaculture start stalls price rise (week ended Mar 9, 2012)

An eFeedLink Exclusive
       
                                                                                                       
Price summary

Prices were stable.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of
Mar 2
(RMB/tonne)

Price as of
Mar 9
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2150

2,150

0

0.00

 

Wuxi

Ex-warehouse

36

2100

2,100

0

0.00

Anhui

Chaohu

Ex-warehouse

36

2000

2,000

0

0.00

Hefei

Ex-warehouse

36

2000

2,050

50

2.50

Anqing

Ex-warehouse

36

2000

2,000

0

0.00

Hubei

Wuhan

Port

36

2100

2,100

0

0.00

Jingmen

Ex-warehouse

36

2050

2,050

0

0.00

Xiangyang

Ex-warehouse

36

2080

2,150

70

3.37

Hunan

Yueyang

Ex-warehouse

36

2000

2,000

0

0.00

Changde

Ex-warehouse

36

2050

2,050

0

0.00

Changsha

Rail Station

36

2050

2,050

0

0.00

Sichuan

Chengdu

Rail Station

36

2200

2,200

0

0.00

Ziyang

Ex-warehouse

36

1650

1,650

0

0.00

Qinglongchang

Ex-warehouse

36

1600

1,600

0

0.00

Guangdong

Guangzhou

Rail Station

36

2150

2,150

0

0.00

Average

-

-

2,012

2,020

8

0.40

Prices are representative and for reference only.
RMB1=US$0.1585 (Mar 11)


  
Market Analysis
 
Feed millers limited procurements of rapeseed meal as cold weather in China delayed the new aquaculture season. Nonetheless, firm soymeal market lent support to the prices of rapeseed meal.
 
 
Market Forecast
 
With aquaculture expected to resume at a faster rate in March, rapeseed meal prices are seen stable to higher.
 

 


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