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Thai soyameal trade was active on Tuesday with importers seeking to cover February and March shipments. Argentine high-protein soyameal was at $245-247 per tonne, cost-and-freight, C&F for March shipment, unchanged from last week. Argentine low-protein soyameal was steady at $230 per tonne C&F for March shipment. The Thai Foodstuff Users Promotion Association, which represents soyabean and soyameal importers, has sought to buy some soyameal for February and March shipment, an association official said.

The trading house Creamer Asia Trade was offering to sell 5,200 tonnes of Indian soyameal to the association at $253 per tonne C&F for prompt shipment, the official said.

Domestic soyameal was at 10.80 baht/kg on Tuesday, down from last week's 10.90 baht. At least one soyabean deal had been done over the past week for March shipment, traders said.

"The soyabean crushing firm Vita bought between 30,000 and 40,000 tonnes of Argentine soyabean from the trading firm Noble at undisclosed premiums," said one.

Prices of live chicken were softer on Tuesday than last week despite strong domestic demand ahead of the Lunar New Year, which starts next week, raisers said.

They were 30 baht per kg on Tuesday, down from last week's 34 baht. "Raisers have slaughtered more chicken to meet higher demand during Chinese New Year," said chicken raiser Veerapong Panjawattanakul.

The price fell sharply to 25 baht per kg from 32-35 baht per kg in January last year, when the bird flu outbreak hit the country. Very few feed millers were worried about the fresh outbreaks of bird flu in five provinces in Thailand this year.

"The situation has been steady. It is not either getting worse or better," said one trader. The poultry industry is raising between 9 to 11 million chickens a week, down from 14 million last January and 20 million before the epidemic struck, traders said.


Corn trade has been thin for a month and exporters said they were having trouble finding overseas buyers. "Trade is quiet. Our prices cannot compete against Argentine corn," said Thavee Tantiponganand of the Tanyaphan trading firm.

The Thai corn export price was $145 per tonne, free-on-board (FOB) on Tuesday, unchanged from a week ago.

Argentine corn was offered steady at $135 per tonne, cost-and-freight (C&F) Southeast Asia. Thailand is likely to export around 20,000 tonnes of corn this month, most of it destined for Malaysia, corn traders said.

Thailand shipped 22,778 tonnes of corn in January, of which 14,671 tonnes went to Malaysia and 5,700 tonnes to Vietnam, figures from the Thai Corn Exporters' Association show.

Copyright Reuters, 2005


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