Soymeals Price to Go High in Short Terms

By CnAgri2013-03-18 11:30:13 Print Soymeal：On March 13th, 2013, the average wholesale price of soymeal is RMB4206Yuan/MT, up 1.74% compared with last week. As imported soybeans that arrived at ports are fewer than expectation, some coastal oil plants desire to hold soymeal price at high level. What’s more, some oil plants are forced to stop or limit production because of inadequate supply of soybeans and some feed enterprises are eager to purchase soymeals with concern of soymeal supply. In short terms, tight supply of domestic soymeal shall support domestic soymeal spot price. While in the long run, there are downside risks of domestic soymeal spot price. (Table 4)

 

From “China Livestock and Feed Market Weekly Report”