Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS
 
November 14, 2008
 
China Rapeseed Meal Weekly: Prices stabilise; supplies remain ample (week ended 13 Nov, 2008)           


An eFeedLink Exclusive                           
    

                           

Price summary
 

Prices were stable in most regions.

 

Weekly transacted prices of rapeseed meal in China

Region

Protein content
 (%)

Price as of Nov 6 (RMB/tonne)

Price as of Nov 13 (RMB/tonne)

Price change (RMB/tonne)

Jiangsu

36

2,300

2,300

0

Anhui

36

2,250

2,250

0

Hubei

36

2,150

2,150

0

Hunan

36

2,250

2,250

0

Sichuan

36

2,000

1,950

-50

Guangdong

36

2,300

2,300

0

Prices are representative and for reference only.
RMB1=US$0.1464 (Nov 14)
 
 

Market Analysis

 

Prices of rapeseed meal stabilised as soymeal and cottonseed meal prices firmed up over the week.

 

Soymeal prices rose to the range of RMB3,250-3,400/tonne amid tighter supplies. Prices of cottonseed meal rebounded, rising by RMB100-200/tonne in most regions and as high as RMB300/tonne in a few others.

 

Meanwhile, supplies of rapeseed meal were ample as aquafeed demand dwindled while the weather turned cold.

 
 

Market Forecast

 

In the near term, rapeseed meal prices are unlikely to rebound although the steep price fall has tapered off. Its prices are expected to be influenced by the price movements of soymeal.


 

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