Processing Imported Soybeans Generated a Loss of RMB55/MT this Week

By CnAgri2014-03-06 10:19:50 Print

　The producer’s price of Grade Four soyoil averages RMB6,638/MT this week, up RMB54/MT over last week, up RMB96/MT over a month ago and down RMB1,614/MT on the year-on-year basis.
　　　
The producer’s soymeal price averages RMB3,797/MT this week, down RMB93/MT from last week, down RMB80/MT from a month ago and down RMB118/MT on the year-on-year basis.

　　　Soybean crushing generates a loss of RMB663/MT for mills processing domestic soybeans and a loss of RMB55/MT for mills processing imported soybeans this week. Domestic soybean price remained stable and imported soybean price rose slightly. Growth of soybean oil was lower than decline of soymeal, so processing of imported soybeans saw loss and that of domestic soybean continued losing.

From “China Oil and Oilseeds Market Weekly Report”