Imported Soybean Crushers’ Profit Margin Increased
By CnAgri2013-08-21 11:30:47
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Crushers quote a price of RMB7,020/MT for Grade Four soyoil this week, up RMB156/MT over last week, up RMB24/MT over a month ago but down RMB2,418/MT on the year-on-year basis.
Soymeal price is quoted RMB3,992/MT this week, up RMB113/MT over last week, up RMB27/MT over a month ago but down RMB313/MT on the year-on-year basis.
Crushing incurs a loss of RMB17/MT for mills processing imported soybeans and a loss of RMB335/MT for mills processing imported soybeans this week.
From “China Oil and Oilseeds Market Weekly Report”
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