Soymeal Spot Market To Go Strong
By CnAgri2013-09-09 13:53:01
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Soymeal：On Sept. 4th, 2013, the average wholesale price of soymeal is RMB4282Yuan/MT, up 0.11% compared with last week. Soybean supply is tight in the third quarter, so the over 6 million soybean stock in ports is likely to decline gradually. Besides, American soybeans remain strong supported by weather speculation and feed consumption shows seasonal increase, which both play supports to soymeal market. It is predicted domestic soymeal spot market shall go strong with fluctuation. (Table 3)From “China Livestock and Feed Market Weekly Report”
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