Fall Space of Soymeal Spot Price Is Limited

By CnAgri2013-02-21 10:54:51 Print Soymeal：On Feb. 20th, 2013, the average wholesale price of soymeal is RMB4008Yuan/MT, down 0.45% compared with days before Spring Festival. Under the situation that global soybean supply be loose in 2013/14 Year, international soybean price is predicted to keep declining. And with weather uncertainty in South Africa and tight stock of American soybeans, in general, American soybean market is strong in short terms and weak in the long run. Though feed consumption is still in the off-season after Spring Festival, with sufficient spot supply, fall space of domestic soymeal spot price is limited. (Table 4)

 

From"China livestock&Feed Weekly Report"