Prices of Feed Ingredients in China on 1st Aug: Soymeal

By CnAgri2012-08-02 13:34:08 Print

Soymeal: On 1st Aug, 2012, the average wholesale price of soymeal is RMB4,249Yuan/MT, up 2.41% compared with last week. Since the beginning of June, drought in U.S. drove CBOT soybean futures price up more than 30%, which lead to the increase of domestic soymeal price. With increasing price, there is higher risk for great fluctuation. Based on fundamentals of U.S. soybean, domestic soymeal spot price might go even higher later.

From "China Livestock and Feed Market Weekly Report"