An eFeedLink Exclusive
Price summary
Price falls abated in most regions.
Weekly transacted prices of second-grade corn in China (Moisture content 14%) | ||||
Region |
Price type |
Price as of Dec 28 (RMB/tonne) |
Price as of Dec 21(RMB/tonne) |
Price change(RMB/tonne) |
Heilongjiang |
Ex-warehouse |
1,340 |
1,360 |
-20 |
Jilin |
Ex-warehouse |
1,350 |
1,350 |
0 |
Dalian Port |
FOB |
1,480 |
1,480 |
0 |
Hebei |
Delivery Price |
1,340 |
1,360 |
-20 |
Henan |
Delivery Price |
1,380 |
1,380 |
0 |
Shanxi |
Ex-warehouse |
1,360 |
1,360 |
0 |
Shandong |
Delivered-to-feedmill |
1,400 |
1,420 |
-20 |
Jiangsu |
Rail Station |
1,440 |
1,440 |
0 |
Shanghai |
Rail Station |
1,460 |
1,460 |
0 |
Zhejiang |
Rail Station |
1,550 |
1,550 |
0 |
Jiangxi |
Rail Station |
1,550 |
1,550 |
0 |
Hunan |
Rail Station |
1,560 |
1,560 |
0 |
Hubei |
Rail Station |
1,540 |
1,540 |
0 |
Sichuan |
Rail Station |
1,640 |
1,640 |
0 |
Guangdong |
CIF |
1,580 |
1,540 |
40 |
Southern part of Guangxi |
CIF |
1,600 |
1,570 |
30 |
Fujian |
CIF |
1,580 |
1,580 |
0 |
All prices are representative and are for reference only.
RMB1=US$0.1462 (Dec 29) |
Corn prices were lower in some regions.
Many small and medium-size deep corn processing factories were forced into bankruptcy or suspended their operations temporarily amid poor general economic situation. This thus weakened the demand for corn.
Sluggish livestock replenishment activity also affected corn demand for feed.
However, as the government has set out to purchase 20 million tonnes of corn for its reserves, corn prices stabilised in some regions and even rose in Guangdong and Guangxi.
Market forecast
|
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.