Animal Feed Ingredient Market Information In China On August 12, 2020
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Feed Ingredient Price List on August 12, 2020 | ||||
Variety | Today AVG. Price(RMB) | Yesterday AVG. Price(RMB) | Growth | Unit |
Corn/Maize | 2321.74 | 2328.16 | -6.42 | RMB/MT |
Soybean Meal | 2830-2900 | 2830-2900 | +0.00 | RMB/MT |
Rapeseed Meal | 2330.00 | 2330.00 | +0.00 | RMB/MT |
Cotton Seed Meal | 2655.00 | 2655.00 | +0.00 | RMB/MT |
DDGS | 2289.00 | 2284.00 | +5.00 | RMB/MT |
Peruvian Steam Dried Fish Meal | 12600-12800 | 12700-12800 | -100.00 | RMB/MT |
Data Source: China Feedtrade Net Exchange Rate: 100USD=695.97RMB | ||||
Market Comments and Concern
Corn/Maize
Corn price decreased a little as an excessive discount offered by some deep processors in major producing region. However, due to a higher transportation cost, the traders in Northeast China are not willing to dispatch goods with greatly squeezed profit.
Peruvian Premium Steam Dried Fish Meal
The outer price of fish meal in Peru increased by 20USD/MT and the available stock was at a lower level. While in China, the imported fish meal price in the South fell down, comparing with a stable price in the North. With the increasing of fish meal inventory at China ports, the market will remain depressed.
Source: China Feedtrade Net
