Soymeal Price up 3.35% from last Week
By CnAgri2013-06-07 11:20:36
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Soymeal：On June 5th, 2013, the average wholesale price of soymeal is RMB4180Yuan/MT, up 3.35% compared with last week. American soybean futures price increased alone, it needs adjustment in technology. In June, soybean arrivals shall increase and it should be prevented of risk brought by spot market fluctuation. But since feed consumption is rising slowly, it to some extents plays bottom supports. (Table 4)
From “China Livestock and Feed Market Weekly Report”
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