Soybean and Soymeal Price Trend This Week

By CnAgri2013-03-01 15:27:49 Print Soybeans: domestic soybean purchasing price kept stable this week and port distribution price for imported soybean decreased. Many oil plants resumed work after Spring Festival and spot supply turned tight, which played supports to the price. It is predicted price for domestic soybeans shall stay steady and port distribution price for imported soybeans shall go down with fluctuation. (Figure 10)
 


Soymeal: Domestic soymeal wholesale price increased this week. During the Spring Festival, most of the coastal oil plants stopped or limited production and soybean imports in the first quarter went slow, resulting in tight supply of domestic soybean meal spots. It is expected soybean meal prices shall keep firm in the short term. But with the impact of less feed demand in off-season after the Spring Festival, the long-term trend of soybean meal prices shall be weak.(Figure 11)

   

From “China Oil and Oilseeds Market Weekly Report”