December 26, 2008
China Rapeseed Meal Weekly: Bleak feed market outlook dampens demand (week ended Dec 25, 2008)
An eFeedLink Exclusive
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.
 |
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
