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FEED & LIVESTOCK MARKET

November 14, 2017
 
China Whey Weekly: Prices fall at a slower pace (week ended Nov 13, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices stable to lower.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Nov 6
(RMB/tonne)

Price as of Nov 13
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,300

6,300

0

Tianjin

6,100

6,000

-100

Chengdu

6,500

6,500

0

Guangzhou

6,100

6,000

-100

Dalian

6,100

6,000

-100

Beijing

6,200

6,200

0

Xiamen

6,100

6,000

-100

High protein

Shanghai

9,500

9,500

0

Tianjin

9,500

9,500

0

Chengdu

9,500

9,500

0

Guangzhou

9,500

9,500

-500

Dalian

9,500

9,500

0

Beijing

9,500

9,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1507 (Nov 14)

 

Suppliers' quotes
 
Price quotes of US feed-grade whey stayed in the range of US$397-661/tonne.
 
In Europe, whey prices fell further to EU542-590/tonne.
 
 
Market analysis
 
Even after prices of whey plummeted over the recent week, demand remained sluggish. Traders in several regions cut prices further, albeit by a smaller margin, in efforts to entice buyers while import costs were low.
 
On average, whey prices dipped 0.92% over the week.
 
 
Market forecast
 
Whey market should stabilise gradually as traders will be more cautious with price negotiation. However, as piglet inventories are poised to remain low during winter, weak sales will exert pressure on whey market.
 

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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