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Soybean Meal, Rapeseed Meal and Cottonseed Meal Quotations Kept Weak

China Agriculture Report By CnAgri2018-12-06 15:39:22China Agriculture Report Print Influenced by the possibility for improvement of China-U.S. trade relations, soybean meal spot prices kept dropping this week. National soybean meal prices averaged RMB 3,293/MT, down 1.6% or RMB 55/MT from last week.
Along with a weak demand resulting from the end of a peak of aquaculture and a fall in soybean meal prices, rapeseed meal prices also declined. Rapeseed meal prices averaged at RMB 2,293/MT, down 2.7% or RMB 67/MT from last week.
Owing to an increase in supply and a weak demand, cottonseed meal prices went down. Cottonseed meal prices averaged at RMB 2,675/MT, down 0.8% or RMB 21/MT from last week.
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