China Soymeal Price Down with Intensive Soybean Arrivals

By CnAgri2013-12-10 11:18:29 Print Soymeal：On Dec. 4th, 2013, the average wholesale price of soymeal is RMB4205Yuan/MT, down 0.24% compared with last week. Though intensive arrival of imported soybean suppresses soymeal spot market, soymeal supply is still tight with large amounts of non-executed contracts. It will be droughty during Spring Festival, so intensive livestock feeding is predicted to be advanced. Plus current breeding profit is well, domestic soymeal supply is predicted to be tight for a while. Soybean oil market is weak. Oil plants continue holding soymeal price and price decline for soymeal is limited. (Table 4)



From “China Livestock and Feed Market Weekly Report”