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October 26, 2011
 
China Whey Weekly: Users cut usage amid rising price, tight supply (week ended Oct 24, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly higher.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Oct 17
(RMB/tonne)

Price as of Oct 24
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

13,000

13,000

0

Tianjin

13,000

14,000

1,000

Chengdu

13,500

14,000

500

Guangzhou

13,500

14,000

500

Dalian

13,000

14,000

1,000

Beijing

13,000

14,000

1,000

Xiamen

-

-

-

High protein

Shanghai

13,500

14,000

500

Tianjin

13,500

13,500

0

Chengdu

-

-

-

Guangzhou

14,000

14,000

0

Dalian

13,500

14,500

1,000

Beijing

13,500

14,500

1,000

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1= US$0.1571 (Oct 26)


 
Suppliers' quotes
 
Low-protein whey prices in the US rose to US$1,187/tonne, higher by US$72/tonne.
 
 
Market analysis
 
Stable demand, short supplies and rising import costs pushed up whey prices in China.
 
Amid tight availability and soaring prices, several feed millers reportedly revised feed formulations to reduce the inclusion rates of whey.
 
 
Market forecast
 
Supplies are seen tight, supporting whey prices to make further gains in the coming weeks.
 

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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