China Whey Weekly: Prices lower on weak demand (Nov 19, 2008)

 

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Price summary
 

Prices were lower in most regions.

 

Weekly port transaction prices of whey in China
Specification	Country/Brand	Protein content (%)	Price as of Nov 12 (RMB/tonne)	Price as of  Nov 19 (RMB/tonne)	Price Changes (RMB/tonne)	Remark
Low protein	USA/AGRIMARK	3	4,400　	4,300　	-100　	-
	USA/CPI	3	4,400　	4,400　	0	-　
	USA/Land O'Lakes	3	4,400　	4,400　	0	-　
	Canada/Maple Leaf	3	-	-	-	Out of stock
	France/BBA	3	-	-	-	Out of stock
	Netherlands/ Volac	3	-	-	-	Out of stock
	USA/Mullins	3	4,300　	-	-	-
Medium protein	USA/DAVISCO	6	5,200	5,000	-200　	-
	Canada/Crino	7.5	-　	-　	-　	Out of stock
High protein	USA/DAVISCO	11	6,200	6,000	-200	-
	USA/F&A　	11　	6,600　	6,500　	-100　	　
	France/DAOU	10	6,600　	6,500　	-100	-
	Ukraine	11	6,600　	6,600　	0	-　
	Australia/MG	12	9,000	9,000　	0	-
Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only. RMB1=US$0.1464 (Nov 19)

Suppliers' quotes

 

CME prices of dry whey fell to US$410/tonne. U.S. whey prices are likely to remain weak in the near term amid global slowdown in consumption.

 

 

Market analysis
 

Demand for whey in China remained sluggish as feed consumption dropped, in part due to the melamine scandal.

Cautious feed millers mostly procured on demand, driving prices lower.

Market forecast