SunSirs: The Demand for Terminal Feed Was Poor, and Soybean Meal Market Continued to Decline

Price trend

According to the monitoring data of SunSirs, since March, the demand for terminal feed has been poor, and the soybean meal market has continued to fluctuate and fall mainly. At the beginning of the month, the average market price of soybean meal was 4,300 RMB/ton. On the 17th, the average market price of soybean meal was 4,142 RMB/ton, with a price decrease of 3.67%.

Poor terminal demand, soybean meal market continued to decline

Since March, the profits of the terminal aquaculture industry have shrunk, the purchasing enthusiasm of feed enterprises has decreased, and the demand has decreased. The transaction volume in the soybean meal market was average. Coupled with the dominant negative market, the volume of imported soybeans to ports had increased, and the pressure on raw material supply had doubled. Coupled with the dominant negative market, the volume of imported soybeans to ports increased, and the pressure on raw material supply doubled. Under the pressure of multiple negative conditions, the soybean meal market continued to decline, with the mainstream market price as low as 4,100 RMB/ton, and the price fell by nearly 4%.

Market outlook

Agricultural product analysts from SunSirs believe that the demand for terminal feed is in the off-season, and it is difficult for the demand to improve in the short term. It is expected that the soybean meal market in the future will still be dominated by a weak downward trend, and lack power for rise.

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