Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS
 
November 24, 2008
 
China Corn Weekly: Prices remain weak amid lacklustre demand (week ended Nov 23, 2008)

 

An eFeedLink Exclusive
 


Price summary
 

Prices were stable amid a generally weak market.

 

   Weekly transacted prices of second-grade corn in China (Moisture content 14%)

Region

Price type

Price as of Nov 23 (RMB/tonne)

Price as of Nov 16 (RMB/tonne)

Price change(RMB/tonne)

Heilongjiang

Ex-warehouse

1,520-1,560

1,520-1,560

0

Jilin

Ex-warehouse

1,350

1,350

0

Dalian Port

FOB

1,560

1,560

0

Hebei

Delivery Price

1,500

1,520

-20

Henan

Delivery Price

1,480

1,500

-20

Shanxi

Ex-warehouse

1,420

1,420

0

Shandong

Delivered-to-feedmill

1,520

1,550

-30

Jiangsu

Rail Station

1,580

1,620

-40

Shanghai

Rail Station

1,740

1,740

0

Zhejiang

Rail Station

1,820

1,820

0

Jiangxi

Rail Station

1,660

1,680

-20

Hunan

Rail Station

1,760

1,760

0

Hubei

Rail Station

1,750

1,750

0

Sichuan

Rail Station

1,700

1,700

0

Guangdong

CIF

1,710

1,710

0

Southern part of Guangxi

CIF

1,750

1,780

-30

Fujian

CIF

1,690

1,690

0

All prices are representative and are for reference only.
RMB1=US$0.1464 (Nov 24)

 
 

Market analysis

 

Corn prices stabilised in most regions.


Corn trade was weak in the provinces east of Sichuan, leading to a fall in corn prices in those regions.


In the southern corn consumption provinces, feed millers and traders held back on corn purchases amid a pessimistic market outlook, thus causing corn prices to dip. 

 

 

Market forecast

 

Corn prices will continue to fall as supplies exceed demand.


 

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