Cottonseed Meal Wholesale Price Up

By CnAgri2013-07-02 12:42:59 Print Cottonseed meal：On June 26th, 2013, the average wholesale price of cottonseed meal is RMB3306Yuan/MT, up 2.74% compared with last week. Domestic cottonseed meal supply capability continued worsening, so domestic cottonseed meal price went further high and refreshed history record again. Declining of soymeal spot price has currently no impacts on cottonseed meal market because the domestic sources were few and source holders attempted to drive price high. But if soymeal price goes further down later, the upward momentum of cottonseed meal market will also be weakened.  (Table 4)



From “China Livestock and Feed Market Weekly Report”