Soymeal Spot Price to Keep Fluctuating

By CnAgri2013-07-25 11:02:52 Print Soymeal：On July 24th, 2013, the average wholesale price of soymeal is RMB3979Yuan/MT, up 0.27% compared with last week. Though pressed by intensive arrivals of imported soybeans, soymeal price increased boosted by strong CBOT soybean futures price, which was caused by tight supply of old soybeans and influences of bad weather condition on new soybeans. Domestic soymeal spot price is predicted to keep fluctuating with disk and face great pressure later. (Table 3)

 

From “China Livestock and Feed Market Weekly Report”