China soybean meal market shows 2.15% decline
According to SunSirs Commodity Analysis System, China’s soybean meal markets are in a bearish trend in March. After a brief rally, the prices are experiencing a sharp decline due to lower trading volumes.
On March 1, the average market price of soybean meal was 3,722 yuan/ton, and on March 7, it was 3,642 yuan/ton, down 2.15%. The main reason is that feed demand remains limited, and the overseas soybean futures market is weak and declining. Earlier, the threat of an escalating trade war led to a nearly 3% increase in Chinese soybean meal prices, but the market reaction was short-lived.
According to OleoScope, the price of Daylian soybean meal for March delivery on 07.03.2025 was $481.20/t, compared to $483.47/t in February.
Analysts note that feed demand remains weak by mid-March, and the external soybean futures market shows weak growth. The soybean meal market is expected to continue to decline in the near future.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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