Soybean Crushing Industry Continued Losing

By CnAgri2014-03-12 09:21:55 Print

The producer’s price of Grade Four soyoil averages RMB7,000/MT this week, up RMB164/MT over last week, up RMB260/MT over a month ago and down RMB1,360/MT on the year-on-year basis.
　　　
The producer’s soymeal price averages RMB3,730/MT this week, down RMB67/MT from last week, down RMB147/MT from a month ago and down RMB198/MT on the year-on-year basis.

　　　Soybean crushing generates a loss of RMB709/MT for mills processing domestic soybeans and a loss of RMB99/MT for mills processing imported soybeans this week. Soymeal price continued dropping this week, which increased loss of mills processing both imported and domestic soybeans.

From “China Oil and Oilseeds Market Weekly Report”