Soymeal Spot Price Rose after Falling
By CnAgri2013-01-17 09:34:07
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Soymeal：On Jan. 16th, 2013, the average wholesale price of soymeal is RMB3980Yuan/MT, up 1.48% compared with last week. Soymeal spot price rose after falling recently, especially with release of bearish news from USDA reports last Friday, domestic soymeal spot market was boosted. Besides, stocking of feed enterprises before Spring Festival also stopped soymeal price from dropping. But with soybean recording harvest in South Africa, there still exists negative attitude towards soymeal spot trend. (Table 4)
From “China Livestock and Feed Market Weekly Report”
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