Loss Increase of Processing Soybeans

By CnAgri2014-03-20 09:22:11 Print

The producer’s price of Grade Four soyoil averages RMB7,000/MT this week, the same with last week, up RMB280/MT over a month ago and down RMB1,036/MT on the year-on-year basis.
　　　
The producer’s soymeal price averages RMB3,598/MT this week, down RMB132/MT from last week, down RMB292/MT from a month ago and down RMB147/MT on the year-on-year basis.

　　　Soybean crushing generates a loss of RMB793/MT for mills processing domestic soybeans and a loss of RMB154/MT for mills processing imported soybeans this week. Soybean and soybean oil price kept stable and 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”