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Market Reports

July 29, 2011
 
China Rapeseed Meal Weekly: Improved aquaculture supports market (week ended Jul 28, 2011)

An eFeedLink Exclusive
 
                           
Price summary

Prices were stable to higher.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of Jul 21 
(RMB/tonne)

Price as of Jul 28
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,250

2,250

0

0

Wuxi

Ex-warehouse

36

2,200

2,200

0

0

Anhui

Chaohu

Ex-warehouse

36

2,200

2,200

0

0

Hefei

Ex-warehouse

36

2,100

2,150

50

2.38

Anqing

Ex-warehouse

36

2,100

2,150

50

2.38

Hubei

Wuhan

Port

36

2,120

2,180

60

2.83

Jingmen

Ex-warehouse

36

2,200

2,200

0

0

Xiangyang

Ex-warehouse

36

2,180

2,180

0

0

Hunan

Yueyang

Ex-warehouse

36

2,100

2,200

100

4.76

Changde

Ex-warehouse

36

2,000

2,150

150

7.50

Changsha

Rail Station

36

2,030

2,100

70

3.45

Sichuan

Chengdu

Rail Station

36

2,250

2,250

0

0

Ziyang

Ex-warehouse

36

1,550

1,560

10

0.65

Qinglongchang

Ex-warehouse

36

1,560

1,580

20

1.28

Guangdong

Guangzhou

Rail Station

36

2,150

2,180

30

1.40

Average

 

-

-

2,066

2,102

36

1.74

Prices are representative and for reference only.
RMB1=US$0.1552 (Jul 29)

 

Market Analysis
 
Rapeseed meal prices continued to increase as improved aquaculture stimulated aqua feed production of late.
 
 
Market Forecast
 
Prices of rapeseed meal will likely remain upbeat with the support of recovering aquaculture in China. Demand will gradually soften towards late September as the rearing season begins to wind down.
 

 


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