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October 29, 2008

China Whey Weekly: Prices stabilize (week ended Oct 28, 2008)

An eFeedLink Exclusive
 

Price summary

Prices were stable in most regions.
 

Weekly port transaction prices of whey in China

Specification

Country/Brand

Protein content (%)

Price as of Oct 21 (RMB/tonne)

Price as of Oct 28 (RMB/tonne)

Price Changes (RMB/tonne)

Remark

Low protein

USA/AGRIMARK

3

4400

4400

0

Limited stock

USA/CPI

3

4600

4500

-100

 

USA/Land O'Lakes

3

4500

4400

-100

 

Canada/Maple Leaf

3

 

 

 

Out of stock

France/BBA

3

6000

6000

0

Limited stock

Netherlands/ Volac

3

 

 

 

Out of stock

USA/Foremost

3

4300

4300

0

 

Medium protein

USA/DAVISCO

6

5000

5200

200

 

Canada/Crino

7.5

 

 

 

Out of stock

High protein

USA/DAVISCO

11

6400

6400

0

 

USA/DFA

11

6800

6800

0

 

France/DAOU

10

 

 

 

Out of stock

Ukraine

11

 

 

 

Limited stock

Australia/MG

12

10000

10000

0

 

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1= US$0.1460 (Oct 29)
 

Suppliers' quotes

Stocks of US whey remained high. Due to the low level of whey prices in China in earlier period, US exporters reduced or halted shipments to China. This helped stabilized prices of US low-protein feed-grade whey at US$440/tonne.
 

Market analysis

As at end September, imported whey reached 16,392.643tonne, increased by 67.4 percent from the previous month. The melamine in milk scandal has caused delay in customs clearance of whey and as of last weekend, significant quantity of low-protein feed-grade whey was cleared. Demand has improved from earlier period.
 

Market forecast

Whey prices are seen stable amid lacklustre demand and ample supplies 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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