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December 12, 2008
 
China Rapeseed Meal Weekly: Prices down as traders anxious to clear stocks (week ended Dec 11, 2008)           


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Price summary
 
Prices were significantly lower in most regions.
 

Weekly transacted prices of rapeseed meal in China

Region

Protein content
(%)

Price as of Dec 4 (RMB/tonne)

Price as of Dec 11 (RMB/tonne)

Price change (RMB/tonne)

Jiangsu

36

1,750

1,500

-250

Anhui

36

1,800

1,700

-100

Hubei

36

1,850

1,650

-200

Hunan

36

1,880

1,700

-180

Sichuan

36

1,750

1,600

-150

Guangdong

36

1,950

1,750

-200

Prices are representative and for reference only.
RMB1=US$0.1465 (Dec 12) 
 
 

Market Analysis

 

Prices of rapeseed meal in China fell further as traders tried to clear stocsk in anticipation of deteriorating demand.

 
Also, demand was weak as soymeal and cotton meal prices remained soft.

 
 

Market Forecast

 

In the near term, rapeseed meal prices are seen to decline further.


 

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