May 4, 2024


China Soymeal: Prices dip 6% in April  (week ended Apr 29, 2024)


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Over the week, the closing price of CBOT July soy futures rebounded by 1%.


Soymeal prices rebounded slightly, ending the four-week tumble since late March. Prices of soymeal have decreased over 6% during April.


Soymeal prices averaged RMB3,349/tonne, rebounding RMB5/tonne or 0.15% compared with the previous week. Year-on-year, soymeal prices were lower by 21%.


Soymeal market will remain soft with the production of feed limited. Price rebounds, if any, are expected to by modest.

 
 

Full version of the report is available at:  https://spoutinfo.com/market-forecast-detail/31/32/271/5254   

 

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