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November 19, 2008

 

China Whey Weekly: Prices lower on weak demand (Nov 19, 2008)

 

An eFeedLink Exclusive
 

 

Price summary
 

Prices were lower in most regions.

 

Weekly port transaction prices of whey in China

Specification

Country/Brand

Protein content (%)

Price as of
Nov 12 (RMB/tonne)
Price as of 
Nov 19 (RMB/tonne)

Price Changes (RMB/tonne)

Remark

Low protein

USA/AGRIMARK

3

4,400 

4,300 

-100 

-

USA/CPI

3

4,400 

4,400 

0

- 

USA/Land O'Lakes

3

4,400 

4,400 

0

- 

Canada/Maple Leaf

3

-

-

-

Out of stock

France/BBA

3

-

-

-

Out of stock

Netherlands/ Volac

3

-

-

-

Out of stock

USA/Mullins

3

4,300 

-

-

-

Medium protein

USA/DAVISCO

6

5,200

5,000

-200 

-

Canada/Crino

7.5

- 

- 

- 

Out of stock

High protein

USA/DAVISCO

11

6,200

6,000

-200

-

USA/F&A 

11 

6,600 

6,500 

-100 

 

France/DAOU

10

6,600 

6,500 

-100

-

Ukraine

11

6,600 

6,600 

0

- 

Australia/MG

12

9,000

9,000 

0

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1464 (Nov 19)

 
 

Suppliers' quotes

 

CME prices of dry whey fell to US$410/tonne. U.S. whey prices are likely to remain weak in the near term amid global slowdown in consumption.

 

 

Market analysis
 

Demand for whey in China remained sluggish as feed consumption dropped, in part due to the melamine scandal.


Cautious feed millers mostly procured on demand, driving prices lower.

 
 

Market forecast

 

Near-term whey prices are seen to remain weak.
 

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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