An eFeedLink Exclusive

 

Price summary

 

Prices were higher in most regions.

 

Weekly transacted prices of soymeal in China
Region	Protein content (%)	Price as of Oct 24 (RMB/tonne)	Price as of Oct 31 (RMB/tonne)	Price change(RMB/tonne)
Heilongjiang	43	3,200	3,320	120
Liaoning	43	3,310	3,420	110
Hebei	43	3,280	3,410	130
Shandong	43	3,250	3,350	100
Jiangsu	43	3,200	3,300	100
Guangdong	43	3,100	3,180	80
Prices are representative and are for reference only. RMB1=US$0.1462 (Nov 3)

 

 

Market analysis

 

China's soymeal prices soared on the back of global stock market recovery and CBOT's price surge. 

 
On the other hand, sales and prices of eggs and poultry products in China plummeted as the contaminated food scandal spread from dairy to egg products.

Market forecast