Soymeal, lack of upward momentum
By CnAgri2013-04-24 10:49:43
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Soymeal：On April 17th, 2013, the average wholesale price of soymeal is RMB3936Yuan/MT, down 2.57% compared with last week. Domestic soymeal spot market was hit by breeding loss of hog industry and bird flu and shipments went slowly. What’s more, soymeal market is expected to go down, which restrains the purchasing enthusiasm. Domestic soymeal spot market is predicted to adjust with disks, lack of upward momentum. (Table 3)
From “China Livestock and Feed Market Weekly Report”
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