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November 26, 2008

 

China Soymeal Mid-Week:  Prices edge lower amid weak demand (Nov 25, 2008)

 

An eFeedLink Exclusive 

 

 

Prices stable to lower during mid-week, settling in the range of RMB3,100-3,200/tonne.

 

Soymeal transacted prices in China

Region

Protein content (%)

Price as of Nov 25 (RMB/tonne)

North-east China

 

Heilongjiang 

43

3,000

Liaoning 

43

3,100

North China 

 

Hebei 

43

3,180

East China 

 

Shandong 

43

3,150

Jiangsu 

43

3,080

South China 

 

Guangdong 

43

3,120

Prices are representative and are for reference only.
RMB1=US$0.1465 (Nov 26)
 

China's soymeal prices were stable to lower in most regions. Prices picked up briefly on Monday amid firmer CBOT soy prices but buying interest remained sluggish.


In the near term, soymeal prices are expected to fluctuate within a narrow range.

 
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