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November 8, 2011
 
China Whey Weekly: Slow piglet feed sales curb demand (week ended Nov 7, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mixed.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Oct 31
(RMB/tonne)

Price as of Nov 7
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

13,000

13,250

250

Tianjin

14,000

13,500

-500

Chengdu

14,000

14,000

0

Guangzhou

14,000

13,500

-500

Dalian

14,000

14,000

0

Beijing

14,000

13,500

-500

Xiamen

-

-

-

High protein

Shanghai

14,000

14,000

0

Tianjin

13,500

13,500

0

Chengdu

-

-

-

Guangzhou

14,000

14,000

0

Dalian

14,500

14,500

0

Beijing

14,500

14,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1574 (Nov 8)


 
Suppliers' quotes
 
Low-protein whey prices in the US nudged up to US$1,192/tonnes over the week.
 
 
Market analysis
 
Whey trading was soft over the week, hurt by slower demand due to a drop in piglet feed consumption.
 
 
Market forecast
 
Whey demand is seen on the slack side amid recent hog market decline. However, buoyant international whey prices and limited domestic stocks will help provide the underlying market support.
 
 

 


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