Soybean Price to Go up

By CnAgri2013-10-23 11:18:06 Print Soybeans: domestic soybean price kept stable this week. Continuous decline of domestic soybean output in 2013 and temporary storage policy boosted soybean market and domestic soybean price is likely to keep increasing supported by policy. As for imported soybean, the distribution price remained stable. Soybean stocks in China major ports declined to a low level and supply of imported soybean became tighter. It is predicted port distribution price for soybeans shall increase. (Figure 10)



From “China Oil and Oilseeds Market Weekly Report”