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November 26, 2008

 

China Whey Weekly: Prices continue to fall (week ended Nov 26, 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 19 (RMB/tonne)
Price as of
Nov 26 (RMB/tonne)

Price Changes (RMB/tonne)

Remark

Low protein

USA/AGRIMARK

3

4,300 

4,200

-100 

-

USA/CPI

3

4,400 

4,200

-200

- 

USA/Land O'Lakes

3

4,400 

4,200

-200

- 

Canada/Maple Leaf

3

-

-

-

Out of stock

France/BBA

3

-

-

-

Out of stock

Netherlands/ Volac

3

-

-

-

Out of stock

USA/Mullins

3

-

4,100

-

-

Medium protein

USA/DAVISCO

6

5,000 

4,500 

-500 

-

Canada/Crino

7.5

- 

- 

- 

Out of stock

High protein

USA/DAVISCO

11

6,000

5,800

-200

-

USA/F&A 

11 

6,500 

6,400 

-100 

- 

France/DAOU

10

6,500 

6,400 

-100

-

Ukraine

11

6,500 

6,400 

-200

- 

Australia/MG

12

9.000

9,000

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1460 (Nov 26)

 
 

Suppliers' quotes

 

Prices of dry whey in the U.S. rose US$15/tonne to US$425/tonne. However, it is likely that prices may decline in the near term.

 
 

Market analysis
 

Customs statistics show that China's whey imports (including modified whey) for October increased 15% on-month to around 22,175 tonnes. However, a large volume of whey imports was still in the port warehouses awaiting customs clearance.

 

Meanwhile, piglet inventory in China is poised to increase as birth rates of sows remained healthy; this is beneficial to the demand for whey in the long term.

 
 

Market forecast

 

In the near term, whey prices are seen lower.
 
            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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