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November 28, 2008
 
China Rapeseed Meal Weekly: Ending aquaculture season weakens demand (week ended Nov 27, 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 20 (RMB/tonne)

Price as of Nov 27(RMB/tonne)

Price change (RMB/tonne)

Jiangsu

36

2,000

1,850

-150

Anhui

36

2,000

2,000

0

Hubei

36

1,900

1,900

0

Hunan

36

2,050

2,000

-50

Sichuan

36

1,900

1,850

-50

Guangdong

36

2,120

2,080

-40

Prices are representative and for reference only.
RMB1=US$0.1464 (Nov 28)
 
 
Market Analysis

 

Rapeseed meal prices in China fell further as demand dwindled while aquaculture rearing season came to an end in several regions. Additionally, soft soymeal prices weakened the substitution effect of rapeseed meal.

 

Meanwhile, traders strove to clear off inventories in anticipation of worse economic outlook ahead.

 

 

Market Forecast

 

Near term prices of rapeseed meal are likely to decline as market fundamentals remained weak.


 

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