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Sunsirs: Purchase and Sale of Domestic Soybeans are Cold, and China's Soybeans Continue to Run Smoothly
February 24 2021 08:55:36SunSirs(Linda)

According to sunsirs monitoring, since February, the price of domestic soybean in Heilongjiang, the main producing area, has gradually stabilized. Due to the Spring Festival, the purchase and sale of rural areas have stopped one after another, and the soybean market has no fluctuation, lasting 5500 yuan / ton.

Since December 2020, domestic soybean prices have been rising for several consecutive weeks, with weekly increases of more than 1%. In January, domestic soybeans rose for four consecutive weeks, with a weekly increase of nearly 2%. Since February, the Spring Festival is coming, and the purchase and sales are coming to an end. After the Spring Festival, the domestic soybean market continues to be stable.

Domestic soybeans remain stable after the festival

In February, the Spring Festival is approaching, the Spring Festival transportation starts, the logistics cost increases, and the weather factors make the purchase and sale of domestic soybeans in Heilongjiang almost come to an end, and the price of domestic soybeans continues to be stable. On the eve of the Spring Festival, the domestic soybean market is basically stable. During the Spring Festival, there is no market for domestic soybeans. After the Spring Festival, the purchase and sale of domestic soybeans did not fully recover, and the market of domestic soybeans remained unchanged in January, with the mainstream quotation ranging from 2.5-2.8 yuan / Jin, and the transaction was limited.

Sunsirs agricultural products analysts believe that in March, primary and secondary schools started in succession, the concentrated consumption of soybean products increased, and the price of domestic soybean remained high. 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 

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