Soymeal Price to Decline Further More
By CnAgri2013-11-11 11:24:20
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Soymeal：On Nov. 6th, 2013, the average wholesale price of soymeal is RMB4294Yuan/MT, down 1.11% compared with last week. Domestic soymeal market is in a downward trend. Besides, imported soybeans are predicted to arrive in ports intensively and soymeal supply will increase with operating rate of oil plants recovery, which will weigh on soymeal spot market. Therefore, domestic soymeal spot price is predicted to decline further more in the long run. But once the arrivals are fewer than expected, quotation from oil plants shall go strong. (Table 3)
From “China Livestock and Feed Market Weekly Report”
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