Soymeal Price Likely to Decline in November and December

By CnAgri2013-11-01 11:11:53 Print Soymeal：On Oct. 30th, 2013, the average wholesale price of soymeal is RMB4342Yuan/MT, down 1.44% compared with last week. Influenced by slow process of soybean harvest and shipping in U.S., the market differs over soybean import in November and December. If domestic soybean supply is still loose and operating rate of oil plants remains high after November, soymeal price shall be weighed on. (Table 3)



From “China Livestock and Feed Market Weekly Report”