December 8, 2005
China corn prices stable to marginally higher on easing bird flu concerns (Dec 8, 2005)
An eFeedLink exclusive report
Corn prices in China were generally stable to marginally higher in the past week. Marginal gains were seen in some regions including Chinese ports and southern consumption regions.
This was mainly due to:
- Restrictions on poultry trade in some regions formerly hit by bird flu outbreaks have been lifted. This has helped to ease local concerns over bird flu to some degree.
- There were rumours that the government planned to raise the corn export quota by four million tonnes before end-February 2006, which would help increase financial returns from corn exports.
Despite these positive developments, persisting bird flu concerns and the continued downturn in domestic livestock production were seen to weigh on corn prices in China to some degree. Thus, corn prices in China are expected to be generally stable in the near term.
|
China's Corn Price Update | ||
|
Region |
Moisture Content |
Price as of Dec 8 |
|
(RMB/tonne) | ||
|
North-east China |
|
Ex-warehouse Price |
|
Heilongjiang |
14% |
1,060-1,080 |
|
Jilin |
14% |
1,100 |
|
Liaoning |
14% |
1,110-1,120 |
|
East Inner Mongolia |
14% |
1,110 |
|
North China |
|
Delivery Price |
|
Hebei |
14% |
1,180 |
|
Henan |
14% |
1,160 |
|
East China |
|
Delivery Price |
|
Shandong |
14% |
1,160-1,180 |
|
Jiangsu, zhejiang & Shanghai |
14% |
1,250-1,280 |
|
(Rail Station Price/CIF) | ||
|
Central China |
|
Rail Station Price |
|
Hubei |
14% |
1,280 |
|
South-west China |
|
Rail Station Price |
|
Sichuan |
14% |
1,340 |
|
Northern Ports |
|
FOB |
|
Dalian port |
14% |
1,200 |
|
Qinghuangdao port |
14% |
1,180 |
|
Southern Ports |
|
Port Transaction Price |
|
Shekou port in Shenzhen |
14% |
1,340 |
|
Huangpu port in Guangzhou |
14% |
1,340 |
|
Quanzhou port in Fujian |
14% |
1,330 |
|
Xiamen port in Fujian |
14% |
1,340 |
|
Prices are representative and for reference only.
| ||
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