China’s Soymeal Wholesale Prices in Major Provinces

By CnAgri2012-11-20 10:35:28 Print     On Nov 14, 2012, the average wholesale price of soymeal is RMB3,793Yuan/MT, down 3.67% compared with last week. The USDA raised unit yield and output in the supply and demand report. Domestic soymeal futures and spot dropped with dramatic decline of American soybean futures price. Temporary soybean purchasing policy was published and GB 3rd temporary soybean storage price was RMB2.3Yuan/Jin and deadline was on Apr 30, 2013. Purchasing price of state reserves supported domestic soybean market to some extent, but with the improvement of American soybean supply, the disk faced continuous pressure. it is expected that domestic soymeal spot market will fluctuate with the quotation in the short period and the price is likely to go down step by step. (Table 3)  

     

From “China Livestock and Feed Market Weekly Report”