Soybean Temporary Storage Price in 2012
By CnAgri2012-11-14 10:35:58
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On Nov 12, 2012, NDRC announced that soybean (GB3rd) temporary storage price is RMB4,600/MT in 2012/13 and the deadline is Apr 30, 2013.
Soybean temporary storage price in this year is RMB600/MT higher than the price RMB4,000/MT in 2011/2012, up 15%. Mainstream purchasing price for new bean is RMB4,500/MT. soybean temporary storage policy in the new year will bring a great boost for the market. It is estimated that domestic soybean market will keep strong in the later period.
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