Soybean price and soybean oil price in China on July 2

By CnAgri2012-07-04 17:55:28 Print

Soybean crushers quoted a price of RMB9,650/MT in Harbin and RMB9,400/MT in Jiangsu for Grade One soyoil on July 2, the former parallel to the week before but the latter up RMB50/MT over the week before.

Grade Four soyoil was quoted RMB9,250/MT in Shandong, RMB9,200/MT in Jiangsu, RMB9,300/MT in Dalian and RMB9,200/MT in Guangdong in the meantime, up RMB100/MT, RMB50/MT, RMB150/MT and RMB100/MT respectively.

Soymeal price registered RMB3,450/MT in Harbin, RMB3,500/MT in Dalian, RMB3,570/MT in Qinhuangdao, RMB3,600/MT in Shandong, RMB3,680/MT in Guangdong and RMB3,550/MT in Jiangsu on July 2, up RMB50/MT, up RMB60/MT, up RMB10/MT, up RMB50/MT, up RMB20/MT but down RMB30/MT respectively against the week before.

Crushing generated a profit of RMB140/MT for mills processing imported soybeans and RMB106/MT for mills processing domestic soybeans last week.

From "China Oil and Oilseeds Market Weekly Report"