Soymeal Price Keeps Declining

By CnAgri2013-11-22 10:45:37 Print Soymeal：On Nov. 20th, 2013, the average wholesale price of soymeal is RMB4264Yuan/MT, down 0.78% compared with last week. In international market, CBOT soybean futures price is expected to go bearish and in domestic market, soymeal supply will increase with soybean arrivals increase and operating rate recovery, which weigh on soymeal price. Therefore, BOABC still hold the view that soymeal market shall continue declining with fluctuation. (Table 7)



From “China Livestock and Feed Market Weekly Report”