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March 23, 2012
 
China Rapeseed Meal Weekly: Cautious mood holds prices flat (week ended Mar 23, 2012)

An eFeedLink Exclusive
       
                                                                                              
Price summary

Prices were unchanged.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of
Mar 16
(RMB/tonne)

Price as of
Mar 23
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,300

2,300

0

0

 

Wuxi

Ex-warehouse

36

2,150

2,150

0

0

Anhui

Chaohu

Ex-warehouse

36

2,050

2,050

0

0

Hefei

Ex-warehouse

36

2,100

2,100

0

0

Anqing

Ex-warehouse

36

2,050

2,050

0

0

Hubei

Wuhan

Port

36

2,100

2,100

0

0

Jingmen

Ex-warehouse

36

2,050

2,050

0

0

Xiangyang

Ex-warehouse

36

2,150

2,150

0

0

Hunan

Yueyang

Ex-warehouse

36

2,100

2,100

0

0

Changde

Ex-warehouse

36

2,100

2,100

0

0

Changsha

Rail Station

36

2,100

2,100

0

0

Sichuan

Chengdu

Rail Station

36

2,200

2,200

0

0

Ziyang

Ex-warehouse

36

1,650

1,650

0

0

Qinglongchang

Ex-warehouse

36

1,600

1,600

0

0

Guangdong

Guangzhou

Rail Station

36

2,150

2,150

0

0

Average

-

-

2,057

2,057

0

0

Prices are representative and for reference only.
RMB1=US$0.1587 (Mar 23)

 
 
Market Analysis
 
Several feed millers limited buying as rapeseed meal prices trended higher lately while aqua feed demand remained slow.
 
Rapeseed supplies increased due to high import volumes and the recent harvest in Yunnan.
 
 
Market Forecast
 
Prudent mood of buyers may weigh on China's rapeseed meal market in the near term. However, once the recovery of the aquaculture sector swings into full momentum with the weather turning warmer, prices will rise steadily.
 
 


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