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December 18, 2008

China Whey Weekly: Prices decline amid buyers' cautiousness (Dec 17, 2008)

An eFeedLink Exclusive
 

Price summary

Prices were mostly lower.
 

Weekly port transaction prices of whey in China

Specification

Country/Brand

Protein content (%)

Price as of
Dec 10
(RMB/tonne)

Price as of
Dec 17
(RMB/tonne)

Price Changes (RMB/tonne)

Remark

Low protein

USA/AGRIMARK

3

4,200

4,200

0

-

USA/CPI

3

4,200

4,100

-100

-

USA/Land O'Lakes

3

4,200

4,000

-200

-

USA/Dairylac 80

3

3,900

3,900

0

-

USA/Mullins

3

3,800

3,800

0

-

Medium protein

USA/DAVISCO

6

4,300

4,100

-200

-

High protein

USA/DAVISCO

11

5,600

5,400

-200

 

USA/DFA

11

5,800

5,700

-100

 

USA/F&A

11

6,400

6,300

-100

-

France/DAOU

10

6,400

6,400

0

-

Ukraine

11

6,400

6,300

-100

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1= US$0.1463 (Dec 18)
 
 
Suppliers' quotes

Weaker U.S. whey prices stimulated trade activities; consequently, transaction volume in the US market rose 54% compared with last week.
 

Market analysis

China's whey prices fell in tandem with U.S. whey although feed demand improved over the week.

Anticipating whey prices to soften further, cautious feed millers procured minimally to meet immediate demand.
 

Market forecast

Whey prices in China are seen to move lower in the near term.
 
Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.
 
Remarks: Prices refer to CIF China price quotes (US-Dollar) of low-protein whey and are for reference only.


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