July 8, 2020
China Soymeal Weekly: Strong price rebound (week ended Jul 6, 2020)
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Prices of soymeal increased as crushers were wary of the surge in the import costs of US soy beans. However, with weekly crushing volumes staying above 2 million tonnes, and the production of feed limited, soymeal inventories of sellers expanded lately.
China government, who is keen to hold down soy prices, released 62,641 tonnes of state reserves soy for its fifth auction this year.
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