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October 12, 2011
 
China Whey Weekly: Price hike continues; US supply hits record low (week ended Oct 10, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were higher.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Oct 3
(RMB/tonne)

Price as of Oct 10
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

12,000

13,000

1,000

Tianjin

11,500

12,500

1,000

Chengdu

12,000

13,000

1,000

Guangzhou

12,000

13,000

1,000

Dalian

12,000

13,000

1,000

Beijing

12,000

13,000

1,000

Xiamen

-

-

-

High protein

Shanghai

13,000

13,000

0

Tianjin

12,500

12,500

0

Chengdu

-

-

-

Guangzhou

12,000

13,000

1,000

Dalian

13,500

13,500

0

Beijing

13,500

13,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1= US$0.1568 (Oct 12)

 

Suppliers' quotes
 
Record low US milk and cheese production, coupled with strong local and export demand bolstered low-protein whey prices to US$1,113/tonne over the week.
 
 
Market analysis
 
Underpinned by a bullish global market, China whey prices continued to surge sharply over the week, amid a backdrop of demand-supply imbalance.
 
 
Market forecast
 
Whey market is expected to resume strong upward momentum in the near term.
 

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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