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November 21, 2008
 
China Rapeseed meal Weekly: Sellers slash prices to reap cash (week ended 20 Nov, 2008)           


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Price summary
 

Prices were lower in most regions.

 

Weekly transacted prices of rapeseed meal in China

Region

Protein content
(%)

Price as of Nov 13 (RMB/tonne)

Price as of Nov 20 (RMB/tonne)

Price change (RMB/tonne)

Jiangsu

36

2,300

2,000

-300

Anhui

36

2,250

2,000

-250

Hubei

36

2,150

1,900

-250

Hunan

36

2,250

2,050

-200

Sichuan

36

1,950

1,900

-50

Guangdong

36

2,300

2,120

-180

Prices are representative and for reference only.
RMB1=US$0.1457 (Nov 20)
 
 

Market Analysis

 

Rapeseed meal prices headed south as sellers slashed prices in a bid to stimulate buying interest. Sellers were eager to reap cash amid grim economic outlook worldwide.

 

Moreover, demand was sluggish as the aquaculture industry drifted into its seasonal hibernation.

 

 

Market Forecast

 

In the near term, rapeseed meal prices are seen to decline amid weak feed demand.


 

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