China Cottonseed Meal Price Broke New High This Week

By CnAgri2013-07-05 11:07:45 Print Cottonseed meal：On July 3rd, 2013, the average wholesale price of cottonseed meal is RMB3348Yuan/MT, up 1.26% compared with last week. Domestic cottonseed meal price broke new high this week as goods holders raised price with extremely tight supply. The biggest factor that threats cottonseed meal market is decline of domestic soymeal spot price, which has no impacts this week but may influence cottonseed meal market later, maybe in July, with further declining of soymeal price. But price decline space will be limited since cottonseed meal fundamental is favorable. (Table 7)



From “China Livestock and Feed Market Weekly Report”