Soybean Crushers’ Profit Margin Declined
By CnAgri2013-07-18 10:59:18
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Crushers quote a price of RMB7,056/MT on average for Grade four soyoil this week, up RMB156/MT over last week, down RMB270/MT from a month ago and down RMB2,460/MT on the year-on-year basis.
The producer’s soymeal price averages RMB3,953/MT this week, up RMB82/MT over last week, down RMB145/MT from a month ago but up RMB82/MT on the year-on-year basis.
Crushing generates a loss of RMB45/MT for mills processing imported soybeans and a loss of RMB400/MT for mills processing domestic soybeans this week.
From “China Oil and Oilseeds Market Weekly Report”
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