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Events

March 26, 2019
 
China Whey Weekly: Traders slash prices amid lower import cost (week ended Mar 25, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices fell substantially.                    
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Mar 18
(RMB/tonne)

Price as of
Mar 25
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,800

6,400

-400

 

Tianjin

6,700

6,600

-100

 

Shandong

6,600

6,300

-300

 

Guangdong

6,800

6,500

-300

 

Jiangsu

-

-

-

 

Beijing

7,000

6,500

-500

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,300

8,300

0

 

Guangdong

8,300

8,300

0

 

Jiangsu

-

-

-

 

Beijing

8,300

8,200

-100

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1490 (Mar 26)

 

Suppliers' quotes
 
Price quotes of US feed-grade whey dropped to the range of US$ 595-728/tonne.
 
 
Market analysis
 
Whey demand remained sluggish despite soaring hog prices. As the population of sow and piglet shrank, feed producers were prudent in whey purchases in view of slow demand recovery. With import costs of whey dropping significantly, traders readily cut prices in attempts to trim inventories.
 
 
Market forecast
 
Whey sales will improve following the recent price slash, but to a limited extent. Whey demand is unlikely to be strong so long as the fundamental problem- the low population of sow and piglet- is not resolved.
 

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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