Soybean Crushing to Increase, Soybean Oil Price to go Weak

By CnAgri2013-11-14 11:27:49 Print Soybean Oil: Soybean oil price remained stable this week. Soybean oil stocks in major ports increase to 0.948 million MT from 0.845 million MT in middle October. soybean arrivals will register 12-13 million MT in November and December, soybean crushing is expected to increase and soybean oil supply will be adequate. In October, soybean oil consumption reached a high level of 1.06 million MT, up 33.24% YOY and 19.26% MOM. Soybean oil price is predicted to go weak with fluctuation. (Figure 6 and Figure 7)




From “China Oil and Oilseeds Market Weekly Report”