Soymeal Price Has Risk of Further Declining

By CnAgri2014-03-21 11:23:52 Print Soymeal: On Mar. 19th, 2014, the average wholesale price of soymeal is RMB3605Yuan/MT, down 3.22% compared with last week. In recent, domestic soymeal spot price kept declining dragged by soybean futures decline and weak domestic demand. Soymeal inventory swelled in most coastal oil plants, soybean stocks in ports continued increasing and terminal demand was hard to recover in short terms due to serious loss of live hog breeding. Under such circumstances, domestic soymeal spot market is predicted to have risk of declining.(Table 4)



From “China Livestock and Feed Market Weekly Report”