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December 25, 2008

 

China Whey Weekly: Prices decline on increased supplies (Dec 24, 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 17 (RMB/tonne)
Price as of
Dec 24 (RMB/tonne)

Price Changes (RMB/tonne)

Remark

Low protein

USA/AGRIMARK

3

4,200  

4,200

0

-

USA/CPI

3

4,100  

4,100

0

- 

USA/Land O'Lakes

3

4,000  

4,000

0

- 

USA/Bongards

3

4,000  

3,800

0

-

USA/Dairylac 80

3

3,900

3,800

-100

-

USA/Mullins

3

3,800

-

0

-

BIO-nutrition

3

-

4,000

-100

-

Medium protein

USA/DAVISCO

6

4,100

5,300

-100

-

USA/DFA

7.5

5,400

5,600

-100

-

High protein

USA/Darigold

11

5,700

5,700

0

-

USA/F&A

11 

6,300

6,200 

-100

- 

France/BBA

10

6,400

6,300 

-100

-

Canada/Maple

11

6,300

6,300 

0

-

Australia/MG

12

-

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1463(Dec 25)

 
 

Suppliers' quotes

 

U.S. whey prices declined RMB7 to settle at RMB375/tonne. Transaction volume in the U.S. market rose 26% compared with last week, totalling 14.33 million pounds (approximately 6.50 million kilogrammes)

 
 

Market analysis
 

More shipments of whey arrived in China over the week. The increase in supply weakened prices of some products significantly as feed demand remained sluggish.

 
 

Market forecast

 

Whey prices in China are seen weaker in the near term as feed demand is not seen to improve.
 
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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