Soymeal Market in Plight

By CnAgri2014-03-07 10:16:14 Print Soymeal: On Mar. 5th 2014, the average wholesale price of soymeal is RMB3838Yuan/MT, down 2.54% compared with last week. In international market, soybean futures was suppressed by expectation of south America soybean list. In domestic market, weak demand from livestock breeding caused stocks expanded. So some oil plants will control stocks by suspending or limiting production for a while. It is predicted soymeal spot market shall see moderate decline in short terms and have probability of further declining in mid-long terms. (Table 6)



From “China Livestock and Feed Market Weekly Report”