Soybean Crushing Turn to Loss Due to Ite Products Prices Decreased Sharply

In May, the cost of imports soybean around 3,200 RMB/MT, both prices of soybean oil and meal decreased sharply.
In May, import soybean crushing loss was 163 RMB/MT, but it was profit 106 RMB/MT last month. Of which, the average price of soybean oil was 5,522 RMB/MT, down 165 RMB/MT from last month; the average price of soybean meal was 2,846 RMB/MT, sharply down 333 RMB/MT from last month.