Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

October 14, 2011
 
China Corn Weekly: Market under seasonal harvest pressure (week ended Oct 14, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly lower.
 

Weekly transacted prices of second-grade corn in China (Moisture content 14%)

Region

City/ Port

Price type

Price as of Oct 7 (RMB/tonne)

Price as of Oct 14  (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

2,296

2,290

-6

Jilin

Changchun

Ex-warehouse

2,342

2,324

-18

Liaoning

Shenyang

Ex-warehouse

2,380

2,364

-16

Inner Mongolia

Tongliao

Ex-warehouse

2,380

2,364

-16

Shandong

Dezhou

Ex-warehouse

2,528

2,424

-104

Shandong

Weifang

Ex-warehouse

2,566

2,442

-124

Hebei

Shijiazhuang

Ex-warehouse

2,456

2,420

-36

Henan

Zhengzhou

Ex-warehouse

2,474

2,408

-66

Jiangsu

Xuzhou

Ex-warehouse

2,560

2,460

-100

Shaanxi

Xi'an

Ex-warehouse

2,260

2,260

0

Jiangsu

Lianyungang

Rail Station

2,590

2,590

0

Zhejiang

Hangzhou

Rail Station

2,600

2,600

0

Shanghai

-

Rail Station

2,610

2,608

-2

Sichuan

Chengdu

Rail Station

2,640

2,640

0

Liaoning

Dalian

FOB

2,502

2,464

-38

Liaoning

Jinzhou

FOB

2,480

2,446

-34

Guangdong

Shekou Port

CIF

2,569

2,540

-29

Fujian

Fuzhou

CIF

2,610

2,570

-40

All prices are representative and are for reference only.
RMB1=US$0.1568 (Oct 14)

 
 
Market analysis
 
China's corn prices, especially those of old crops, were fast declining as more newly-harvested corn came onto the market while the government moved to clear out old reserve stocks.
 
Higher availability of corn weakened market sentiment, prompting northern traders and processors to slash bid prices. Port trading shrank visibly over the week with feed millers mostly on the sidelines.
 
Meanwhile, China on Tuesday placed orders for 1.5 million tonnes of corn from the US and Argentina to replenish its depleting state reserves.
 
 
Market forecast
 
Favourable supply outlook will continue to weigh on corn prices in the week ahead.
 

 

All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read