China Soymeal Market to Keep Strong in Short Terms

By CnAgri2013-10-18 11:28:12 Print

Soymeal：On Oct. 16th, 2013, the average wholesale price of soymeal is RMB4495Yuan/MT, up 0.94% compared with last week. After middle late October, imported soybean will arrival gradually. With great crushing margin, operating rate of domestic coastal oil plants will recover gradually, by when the tight supply of soymeal will be relieved. International soybean market is not well expected, so current soymeal price is already at a high level and in the long term it will is likely to decline. In short term, the spot market will remain strong. (Table 4)



From “China Livestock and Feed Market Weekly Report”