Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

November 28, 2011
 
China Corn Weekly: Market continues downtrend; demand slack (week ended Nov 25, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices continued to move lower.
 

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

Region

City/ Port

Price type

Price as of Nov 18 (RMB/tonne)

Price as of Nov 25 (RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

2,092

2,068

-24

Jilin

Changchun

Ex-warehouse

2,140

2,128

-12

Liaoning

Shenyang

Ex-warehouse

2,170

2,164

-6

Inner Mongolia

Tongliao

Ex-warehouse

2,212

2,200

-12

Shandong

Dezhou

Ex-warehouse

2,344

2,340

-4

Shandong

Weifang

Ex-warehouse

2,400

2,400

0

Hebei

Shijiazhuang

Ex-warehouse

2,280

2,256

-24

Henan

Zhengzhou

Ex-warehouse

2,260

2,244

-16

Jiangsu

Xuzhou

Ex-warehouse

2,284

2,300

16

Shaanxi

Xi'an

Ex-warehouse

2,200

2,188

-12

Jiangsu

Lianyungang

Rail Station

2,380

2,380

0

Zhejiang

Hangzhou

Rail Station

2,520

2,494

-26

Shanghai

-

Rail Station

2,542

2,514

-28

Sichuan

Chengdu

Rail Station

2,526

2,504

-22

Liaoning

Dalian

FOB

2,260

2,258

-2

Liaoning

Jinzhou

FOB

2,250

2,248

-2

Guangdong

Shekou Port

CIF

2,396

2,350

-46

Fujian

Fuzhou

CIF

2,488

2,470

-18

All prices are representative and are for reference only.
RMB1=US$0.1569 (Nov 28)

 
 
Market analysis
 
Hog feed demand stayed soft while supplies of corn were ample due to the sales of newly harvested crops, hence weighing down corn prices over the week. Farmers in several regions were reportedly eager to sell their crops in anticipation of a weaker market.
 
 
Market forecast
 
With hog feed consumption limited due to slow herd building, corn market is expected to remain weak in the coming period.
 

 


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