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MARKET

April 18, 2017
 
China Whey Weekly: Traders cut prices amid lower import costs (week ended Apr 17, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Apr 10
(RMB/tonne)

Price as of Apr 17
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,200

8,100

-100

Tianjin

8,100

8,000

-100

Chengdu

8,500

8,300

-200

Guangzhou

8,300

8,100

-200

Dalian

8,200

8,100

-100

Beijing

8,300

8,200

-100

Xiamen

8,300

8,100

-200

High protein

Shanghai

9,000

9,000

0

Tianjin

9,000

9,000

0

Chengdu

9,000

9,000

0

Guangzhou

9,000

9,000

0

Dalian

9,000

9,000

0

Beijing

9,000

9,000

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1452 (Apr 18)

 
 
Suppliers' quotes
 
In Europe, whey prices were at EUR848-880/tonne.
 
Price quotes of US feed-grade whey were stable to lower in the range of US$744-970/tonne.
 
 
Market analysis
 
Sales of whey remained sluggish as feed producers limited the production of feed for piglet and sow while sow inventories remained flat for 42 months since September 2013. With the costs of US whey sliding, traders lowered prices in efforts to stimulate demand.
 
 
Market forecast
 
China is likely to increase pork imports from the US as the leaders of the two countries have agreed to boost trade after meeting in early April. With the domestic hog market facing stronger competition, breeder farms will be cautious in expanding sow numbers, hence decimating the demand for whey.
 

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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