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August 31, 2016
 
China Whey Weekly: Poor piglet feed demand impedes sales (week ended Aug 29, 2016)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.                               
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Aug 22
(RMB/tonne)

Price as of Aug 29
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,800

6,600

-200

Tianjin

6,800

6,600

-200

Chengdu

7,200

7,000

-200

Guangzhou

6,800

6,600

-200

Dalian

6,800

6,600

-200

Beijing

7,200

7,000

-200

Xiamen

6,800

6,600

-200

High protein

Shanghai

8,000

7,600

-400

Tianjin

8,000

7,600

-400

Chengdu

8,000

7,600

-400

Guangzhou

7,500

7,300

-200

Dalian

8,000

7,600

-400

Beijing

8,000

7,600

-400

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1497 (Aug 31)

 

Suppliers' quotes
 
In Europe, whey prices increased further to the range of USD750-780/tonne.
 
Price quotes of US feed-grade whey were at US$441-562/tonne.
 

Market analysis
 
Whey prices continued to rise in the global markets but weakened in China.
 
Sow inventories failed to expand s anticipated, decimating the growth of piglet population. As the demand for piglet feed remained limited, feed millers held back purchases of whey, compelling traders to cut prices.
 

Market forecast
 
Slower-than-anticipated piglet feed consumption will limit the upward scope of whey market. However, as traders will be reluctant to cut prices further while import costs continue to stay high, whey prices are expected to remain around current levels.
 

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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