China Soymeal Price to Remain Declining

By CnAgri2014-01-21 09:34:18 Print Soymeal：On Jan. 15th 2014, the average wholesale price of soymeal is RMB3896Yuan/MT, down 2.12% compared with last week. Since some terminal feed enterprises have signed basis contracts, it is difficult for stocking to increase before Spring Festival. Plus with impacts of avian flu and slump of pork price on breeding industry and global soybean harvest, BOABC predicts soymeal price shall remain declining with fluctuation later. (Table 3)



From “China Livestock and Feed Market Weekly Report”