Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

December 5, 2011
 
China Soymeal Weekly: Slack demand limits price rise (week ended Dec 2, 2011)
 
An eFeedLink Exclusive
 
Price summary
 
Prices were mostly higher.
 

Weekly transacted prices of soymeal in China

Region

Protein content
(%)

Price as of Dec 2 (RMB/tonne)

Price as of Dec 9 (RMB/tonne)

Price change
(RMB/tonne)

Heilongjiang

43

3,100

3,100

0

Liaoning

43

2,960

2,960

0

Hebei

43

2,820

2,900

80

Shandong

43

2,820

2,850

30

Jiangsu

43

2,830

2,850

20

Guangdong

43

2,800

2,820

20

Prices are representative and are for reference only.

RMB1=US$0.1572 (Dec 2)

 
 
Market analysis
 
Soymeal prices were higher on stronger CBOT soy futures but price hikes were limited by lacklustre animal feed demand. Meanwhile, production by crushers slowed down as feed millers were reluctant to stock inventories.
 
 
Market forecast
 
China soymeal prices are expected to remain around current levels amid abundant supplies and limited feed consumption.
 

 


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