Soymeal Price to Remain Strong with Tight Supply and Strong Demand

By CnAgri2013-09-27 11:00:55 Print Soymeal：On Sept. 25th, 2013, the average wholesale price of soymeal is RMB4355Yuan/MT, down 0.13% compared with last week. Due to decrease of soybean arrivals, operating rate of domestic oil plants continued decrease since September. Domestic soymeal supply is tight and the market is predicted to remain strong in short terms supported by gloomy oil market trend and recovery of feed demand. However, the risk is already being accumulated and terminal buyers should be cautious about the risk instead of only chasing high. (Table 3)



From “China Livestock and Feed Market Weekly Report”