Price of soybean, soyoil and soymeal price in China on July 9

By CnAgri2012-07-11 13:22:12 Print

Soybean crushers quoted a price of RMB9,800/MT in Harbin and RMB9,500/MT in Jiangsu on July 9, up RMB150/MT and RMB100/MT respectively over the week before.

Grade Four soyoil was quoted RMB9,300/MT in Shandong, RMB9,300/MT in Jiangsu, RMB9,450/MT in Dalian and RMB9,250/MT in Guangdong in the meantime, up RMB50/MT, RMB100/MT, RMB150/MT and RMB50/MT respectively.

Soymeal price moved up RMB150/MT in Harbin, RMB100/MT in Dalian, RMB150/MT in Qinhuangdao, RMB200/MT in Shandong, RMB250/MT in Jiangsu and RMB220/MT in Guangdong on July 9 over the week before, reaching a level of RMB3,600/MT, RMB3,600/MT, RMB3,720/MT, RMB3,800/MT, RMB3,800/MT and RMB3,900/MT respectively.

Crushers processing imported soybeans and those processing domestic soybeans enjoyed a profit of RMB203/MT and RMB262/MT respectively last week.

From "China Oil and Oilseeds Market Weekly Report"