China Whey Weekly: Prices decline on increased supplies (Dec 24, 2008)
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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
| 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. |
