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November 7, 2008
 
China Rapeseed meal Weekly: Weakened aquaculture rearing activities further depress demand (week ended Nov 6, 2008)           


An eFeedLink Exclusive                           
    

                           

Price summary
 

Prices were lower in most regions.

 

Weekly transacted prices of rapeseed meal in China

Region

Protein content
(%)

Price as of Oct 30 (RMB/tonne)

Price as of Nov 6 (RMB/tonne)

Price change (RMB/tonne)

Jiangsu

36

2,300

2,300

0

Anhui

36

2,300

2,250

-50

Hubei

36

2,200

2,150

-50

Hunan

36

2,300

2,250

-50

Sichuan

36

2,050

2,000

-50

Guangdong

36

2,400

2,300

-100

Prices are representative and for reference only.
RMB1=US$0.1466 (Nov 7) 
 
 

Market Analysis

 

Demand for rapeseed meal plunged as aquaculture rearing activities dwindled amid falling weather temperature.


Even before this seasonal decline in demand, rapeseed meal had lost its substitution advantage after soymeal and cottonseed meal prices fell lately.


The state granary was procuring rapeseed at a price of RMB2.20/jin in an effort to sustain the planting profits of farmers. However, even this could not cushion the fundamental problem of slack demand in the long term.

 
 

Market Forecast

 

Prices of rapeseed meal are seen weaker in the near term amid diminishing demand.


 

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