Animal Feed Ingredient Market Information In China On August 6, 2020
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Feed Ingredient Price List on August 6, 2020 | ||||
Variety | Today AVG. Price(RMB) | Yesterday AVG. Price(RMB) | Growth | Unit |
Corn/Maize | 2298.26 | 2298.42 | -0.16 | RMB/MT |
Soybean Meal | 2880-2980 | 2910-2980 | -30.00 | RMB/MT |
Rapeseed Meal | 2342.00 | 2345.00 | -3.00 | RMB/MT |
Cotton Seed Meal | 2655.00 | 2655.00 | +0.00 | RMB/MT |
DDGS | 2284.00 | 2284.00 | +0.00 | RMB/MT |
Peruvian Steam Dried Fish Meal | 12700-13000 | 12700-13000 | +0.00 | RMB/MT |
Data Source: China Feedtrade Net Exchange Rate: 100USD=694.38RMB | ||||
Market Comments and Concern
Soybean Meal
The US soybean price kept dropping to the lowest since middle of July, for the good harvest is expected with the approaching rainfall during the key growth stage. But the sufficient supply may exceeds the exportation demand. Meanwhile, the yield of new crop in Brazil will set a record and the auction of imported soybean has started in China with a expected volume of 3 million MT. The soybean meal price will remain falling down even though the demand is recovering.
Source: China Feedtrade Net
