Animal Feed Ingredient Market Information In China On July 28, 2020
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Feed Ingredient Price List on July 28, 2020 | ||||
Variety | Today AVG. Price(RMB) | Yesterday AVG. Price(RMB) | Growth | Unit |
Corn/Maize | 2226.47 | 2205.95 | +20.52 | RMB/MT |
Soybean Meal | 2970-3020 | 3000-3070 | -30-50 | RMB/MT |
Rapeseed Meal | 2375.00 | 2415.00 | -40.00 | RMB/MT |
Cotton Seed Meal | 2655.00 | 2655.00 | +0.00 | RMB/MT |
DDGS | 2182.50 | 2182.50 | +0.00 | RMB/MT |
Peruvian Steam Dried Fish Meal | 13300-13500 | 13300-13500 | +0.00 | RMB/MT |
Data Source: China Feedtrade Net Exchange Rate: 100USD=698.95RMB | ||||
Market Comments and Concern
Soybean Meal:
As China imported more than 11 Million MT of soybean in June, and the monthly average volume arriving in July and August would be over 10 Million MT, the market supply is sufficient in China, resulting in a price decreasing.
Rapeseed Meal
Due to the smaller market size of rapeseed meal comparing to soybean meal, the former’s price is highly related to the latter. In a short term we could expect the reducing price of rapeseed meal, following soybean meal’s trend.
Source: China Feedtrade Net
