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November 23, 2011
 
China Whey Weekly: Low hog expansion interest softens demand (week ended Nov 21, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices dropped significantly.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Nov 14
(RMB/tonne)

Price as of Nov 21
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

13,000

12,200

-800

Tianjin

13,500

12,000

-1,500

Chengdu

14,000

12,500

-1,500

Guangzhou

13,000

12,200

-800

Dalian

13,500

12,200

-1,300

Beijing

13,500

12,200

-1,300

Xiamen

-

-

-

High protein

Shanghai

14,000

13,500

-500

Tianjin

13,500

13,500

0

Chengdu

-

-

-

Guangzhou

14,000

13,500

-500

Dalian

14,500

14,000

-500

Beijing

14,500

13,500

-1,000

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1572 (Nov 23)

 
 
Suppliers' quotes
 
Low-protein whey prices in the US remained at US$1,204/tonnes amid tight availability.
 
 
Market analysis
 
Piglet replenishments were slow of late as hog prices dipped considerably. Hence, whey demand weakened, dragging down prices by over 10% in some regions.
 
 
Market forecast
 
In the near term, whey demand is unlikely to improve as hog farmers are reluctant to expand herds.
 

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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