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December 26, 2008
 
China Rapeseed Meal Weekly: Bleak feed market outlook dampens demand (week ended Dec 25, 2008)           


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Price summary
 
Prices were lower in most regions.
 

Weekly transacted prices of rapeseed meal in China

Region

Protein content
 (%)

Price as of Dec 18 (RMB/tonne)

Price as of Dec 25 (RMB/tonne)

Price change (RMB/tonne)

Jiangsu

36

1,450

1,400

-50

Anhui

36

1,580

1,500

-80

Hubei

36

1,450

1,400

-50

Hunan

36

1,550

1,500

-50

Sichuan

36

1,500

1,400

-100

Guangdong

36

1,650

1,600

-50

Prices are representative and for reference only.
RMB1=US$0.1464 (Dec 26) 
 
 

Market Analysis

 

Rapeseed meal prices fell further in tandem with a softer cottonseed meal market.

 
Market sentiments were weak amid pessimistic outlook of the aquaculture rearing activity next year with exports seen to be hurt by the global economic meltdown.

 
 

Market Forecast

 

In the near term, rapeseed meal prices are seen weak with market fundamentals not seen to improve anytime soon.


 

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