November 26, 2008

 

China Whey Weekly: Prices continue to fall (week ended Nov 26, 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 19 (RMB/tonne)	Price as of Nov 26 (RMB/tonne)	Price Changes (RMB/tonne)	Remark
Low protein	USA/AGRIMARK	3	4,300　	4,200	-100　	-
	USA/CPI	3	4,400　	4,200	-200	-　
	USA/Land O'Lakes	3	4,400　	4,200	-200	-　
	Canada/Maple Leaf	3	-	-	-	Out of stock
	France/BBA	3	-	-	-	Out of stock
	Netherlands/ Volac	3	-	-	-	Out of stock
	USA/Mullins	3	-	4,100	-	-
Medium protein	USA/DAVISCO	6	5,000　	4,500　	-500　	-
	Canada/Crino	7.5	-　	-　	-　	Out of stock
High protein	USA/DAVISCO	11	6,000	5,800	-200	-
	USA/F&A　	11　	6,500　	6,400　	-100　	-　
	France/DAOU	10	6,500　	6,400　	-100	-
	Ukraine	11	6,500　	6,400　	-200	-　
	Australia/MG	12	9.000	9,000	-	-
Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only. RMB1=US$0.1460 (Nov 26)

Suppliers' quotes

 

Prices of dry whey in the U.S. rose US$15/tonne to US$425/tonne. However, it is likely that prices may decline in the near term.

Market analysis
 

Customs statistics show that China's whey imports (including modified whey) for October increased 15% on-month to around 22,175 tonnes. However, a large volume of whey imports was still in the port warehouses awaiting customs clearance.

 

Meanwhile, piglet inventory in China is poised to increase as birth rates of sows remained healthy; this is beneficial to the demand for whey in the long term.

Market forecast