Low Level of Stocks Boost Soybean Price Strong

By CnAgri2013-05-30 10:56:11 Print

Soybeans: In Heilongjiang, prices for domestic soybeans kept stable this week. As for ports, distribution price for imported soybeans increased slightly. It is predicted imported soybean shall exceed 6 million MT. However, stocks at major domestic ports still keep at a low level and market supply sees no significant improvement. Domestic soybean price is predicted to keep strong and port distribution price to increase slightly with tight domestic supply and high international prices. (Figure 10)

           

From “China Oil and Oilseeds Market Weekly Report”