SunSirs: The Purchase Price of National Reserve Fell, and China Domestic Soybean Market Weakened
January 06 2023 13:15:06 SunSirs (Selena)
According to the monitoring data of SunSirs, since December, the domestic soybean market has continued to decline in a weak way, mainly after New Year's Day. On December 1, the average price of domestic soybean market was 5,758 RMB/ton; On January 4, the average price of domestic soybean market was 5,550 RMB/ton, down 3.61%.
After December, the demand for terminal soybean products turned weak, and the domestic soybean market continued to weaken, with the price mainly falling slightly. The mainstream quotation was 2.75-2.8 RMB/500g. On New Year's Day, some national repositories have successively lowered the purchase price of domestic soybeans, and the domestic soybean market has fallen in response, with the price at 2.7-2.75 RMB/500g. The price of some commodity soybeans can still reach 2.8 RMB/500g. The market transaction is average, and the market is weak.
SunSirs agricultural product analyst, believes that the demand for terminal soybean products has increased significantly in the short term. As the Spring Festival approaches, farmers' willingness to sell is sluggish, and China domestic soybean market will still be weak.
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