With Limited Arrivals, Soybean Port Distribution Price to Keep Strong

By CnAgri2013-09-23 11:27:23 Print Soybeans: domestic soybean price kept stable this week. Currently, major purchasers on the one hand are waiting for new soybean list and on the other hand focus on bidding trade of reserved soybeans. Driven by strong international price, price for new soybean is expected at RMB4800/MT by farmers and grain merchants. As for imported soybean, the distribution price increased slightly. With limited arrivals, oil plants are active in buying. It is predicted port distribution price for soybeans shall keep strong. (Figure 10)

    

From “China Oil and Oilseeds Market Weekly Report”