Soymeal Price Up with Strong Demand

By CnAgri2013-10-14 14:06:38 Print Soymeal：On Oct. 9th, 2013, the average wholesale price of soymeal is RMB4453Yuan/MT, up 2.25% compared with last week. In future, market will turn focus on to seasonal supply pressure. Expectation of global production increase weighs on both domestic and international soybean market. In domestic, with strong demand for soymeal, the price went up and oil plants worked actively to meet demands, which led to adequate supply of oil and weighed on price. It is predicted domestic soymeal market shall remain strong and the condition of strong oil and weak meal shall continue.  (Table 3)



From “China Livestock and Feed Market Weekly Report”