China Soymeal Market To Keep Weak with High Level of Supply

By CnAgri2013-12-31 09:33:53 Print Soymeal：On Dec. 25th, 2013, the average wholesale price of soymeal is RMB4095Yuan/MT, down 0.97% compared with last week. Domestic crushing enterprises continued pre-selling long term contracts and have unexecuted contracts, which restrained decline rate of soymeal spot price. With high profit margin, however, operating rate shall keep high, suggesting that soymeal supply shall keep high level as well. So oil plants are more forced to decline price in new contracts. Thus, soymeal spot price is expected to decline in medium and long terms. Pay attention to weather condition and export shipments in South America. (Table 5)


From “China Livestock and Feed Market Weekly Report”