Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS
 
December 5, 2008
 
China Rapeseed Meal Weekly: Rapeseed meal prices drag down by falling soymeal's (week ended Dec 4, 2008)           


An eFeedLink Exclusive                           
    

                           

Price summary
 
Prices were lower in most regions.
 

Weekly transacted prices of rapeseed meal in China

Region

Protein content
(%)

Price as of Nov 27(RMB/tonne)

Price as of Dec 4 (RMB/tonne)

Price change (RMB/tonne)

Jiangsu

36

1,850

1,750

-100

Anhui

36

2,000

1,800

-200

Hubei

36

1,900

1,850

-50

Hunan

36

2,000

1,880

-120

Sichuan

36

1,850

1,750

-100

Guangdong

36

2,080

1,950

-130

Prices are representative and for reference only.
RMB1=US$0.1453 (Dec 5)
 
 

Market Analysis

 

Prices of rapeseed meal in China softened as soymeal prices fell amid increased supplies.


Panic sellers tried eagerly to release their inventories but in vain as feed demand remained weak, especially when the aquaculture rearing season has essentially ended.

 
 

Market Forecast

 

participants anticipate soymeal prices to fall below RMB2,800/tonne in the weeks ahead. Amid such pessimistic outlook, rapeseed meal prices will inevitably weaken in the near term.


 

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