Oil Plants Sign Soymeal Contracts with Lower Price

By CnAgri2013-10-25 11:21:53 Print Soymeal：On Oct. 23rd, 2013, the average wholesale price of soymeal is RMB4405Yuan/MT, down 1.98% compared with last week. Domestic oil plants’ operating rate has increased greatly since late October with bulk arrivals of imported soybeans. With great crushing margin, oil plants are signing future contracts actively with lower price. Market trade went slack. Besides, with American soybean harvest, market parties are more pessimistic about late international market. Therefore, current soymeal price is already at a high level and in the long term it will is likely to decline. (Table 3)



From “China Livestock and Feed Market Weekly Report”