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December 12, 2011
 
China Rapeseed Meal Weekly: Decimated demand softens prices (week ended Dec 8, 2011)

An eFeedLink Exclusive
               
             
Price summary

Prices were stable to lower.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of Dec 1
(RMB/tonne)

Price as of Dec 8 
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,000

2,000

0

0

Wuxi

Ex-warehouse

36

2,050

2,050

0

0

Anhui

Chaohu

Ex-warehouse

36

2,150

2,000

0

0

Hefei

Ex-warehouse

36

2,100

2,000

-100

-4.76

Anqing

Ex-warehouse

36

2,100

2,050

-50

-2.38

Hubei

Wuhan

Port

36

2,030

1,950

-50

-2.50

Jingmen

Ex-warehouse

36

2,050

1,900

0

0

Xiangyang

Ex-warehouse

36

2,000

1,900

0

0

Hunan

Yueyang

Ex-warehouse

36

2,050

1,950

-100

-4.88

Changde

Ex-warehouse

36

2,100

2,000

0

0

Changsha

Rail Station

36

2,100

2,000

-50

-2.44

Sichuan

Chengdu

Rail Station

36

2,100

2,000

-50

-2.44

Ziyang

Ex-warehouse

36

1,500

1,500

0

0

Qinglongchang

Ex-warehouse

36

1,500

1,500

0

0

Guangdong

Guangzhou

Rail Station

36

1,950

1,900

0

0

Average

 

-

-

1,940

1,913

-27

-1.37

Prices are representative and for reference only.
RMB1=US$0.1572 (Dec 12)

 
 
Market Analysis
 
Feed millers limited production as feed consumption was slow, hence curtailing the demand for protein meals. With costs of rapeseed imports competitive and the soymeal market soft amid ample supplies, rapeseed meal prices fell under pressure in several regions.
 
 
Market Forecast
 
Rapeseed meal prices are unlikely to pick up with aquaculture production minimal during winter.
 
 


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