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December 17, 2008

 

China Soymeal Mid-Week: Firmer prices despite weak CBOT (Dec 16, 2008)

 

An eFeedLink Exclusive 

 

 

Transacted prices were higher in most regions during mid-week, settling in the range of RMB2,950-3,000/tonne.

 

Soymeal transacted prices in China

Region

Protein content (%)

Price as of Dec 16 (RMB/tonne)

North-east China

 

Heilongjiang 

43

2,900

Liaoning 

43

2,990

North China 

 

Hebei 

43

2,970

East China 

 

Shandong 

43

2,980

Jiangsu 

43

2,920

South China 

 

Guangdong 

43

3,030

Prices are representative and are for reference only.
RMB1=US$0.1461 (Dec 17)

 

Soymeal prices in China edged up despite weakening CBOT soy prices on Monday.


Several crushers have resumed operation as feed millers started making procurements. Nevertheless, soymeal supplies were still relatively tight.


Soymeal prices in China will likely hover within a narrow range in the next few days.

 
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