Soybean Crushing Profit Declined Due to Meal Prices Went down Sharply

In July, the cost of imports soybean around 3,020 RMB/MT, soybean oil price went up slightly while meal price decreased sharply.
 
In July, import soybean crushing profit 30 RMB/MT, down 77 RMB/MT from last month. Of which, the average price of soybean oil was 5,306 RMB/MT, slightly up 29 RMB/MT from last month; the average price of soybean meal was 2,874 RMB/MT, down 135 RMB/MT from last month.