Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS
 
December 3, 2008

 

China Soymeal Mid-Week:  Lower CBOT soy drags down soymeal prices (Dec 2, 2008)

 

An eFeedLink Exclusive 

 

 

Prices lower in most regions at mid-week, settling in the range of RMB3,000-3,100/tonne.

  

Soymeal transacted prices in China

Region

Protein content (%)

Price as of Dec 2 (RMB/tonne)

North-east China

 

Heilongjiang 

43

2,950

Liaoning 

43

3,050

North China 

 

Hebei 

43

3,030

East China 

 

Shandong 

43

3,080

Jiangsu 

43

3,000

South China 

 

Guangdong 

43

3,150

Prices are representative and are for reference only.
RMB1=US$0.1454 (Dec 3)

 

China's soymeal prices weakened after CBOT soy prices moved lower on Monday. Only soymeal prices in Guangdong bucked the trend to rise RMB50/tonne amid relatively tight supplies.


Soymeal prices in China are expected to fall below RMB3,000/tonne in the near term as demand remains weak while soy prices soften.

 
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read