Soybean processing volumes in China are still below last year’s volumes
According to China National Grain and Oil Information Centre, soybean processing in China in the period from December 9 to 15 slightly increased by 1% compared to the previous week, reaching 1.9 million tons. However, processing still remains 10% below a year earlier.
National soybean stocks declined 3% this week to 5.3 million tons (+11% from last month and +31% from a year ago).
As of December 15, PRC soybean meal stocks are estimated at 880,000 tons (+6% for the week, +21% for the month and +138% y/y). Soybean oil stocks are 930 thousand tons (unchanged for the week, +11% for the month and +43% YoY).
Read also
Thailand to increase US corn imports amid declining supplies from neighboring coun...
Sharp drop in August rapeseed futures indicates significant supply in the market
Demand for Ukrainian wheat remains strong despite export halt at Greater Odesa ports
UkrAgroConsult Advises on In-House Power Generation Projects
Heat and rising feed costs drive egg prices higher in South Asia
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon