Changes of soybean meal market price in China (11.1)
-
Last Update: 2003-03-12
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
OA show ('918 '); soybean meal price is a kind of variety with frequent market fluctuations, which often leads to large fluctuations, so soybean meal trade has a greater risk Of course, the risk is directly proportional to the income To correctly grasp the pulse of soybean meal market will bring rich returns to investors From 1994 / 95 to 1996 / 97, the domestic soybean meal market price rose rapidly, from 2.26 yuan per kilogram to 3.03 yuan, an increase of 34% In 1995 / 96, the price rose 27% from 2.37 yuan per kilogram at the beginning of the year to 3.00 yuan, indicating that the domestic soybean meal market was always in short supply and the import of 1.55 million tons did not solve the problem In 1996 / 97, the price ranged from 2.99 to 3.08 per kilogram, showing that the supply and demand began to balance under the condition of large amount of imports Even in 1997 / 98, the import volume of about 4000000 tons (excluding smuggled goods) was saturated, which began to impact on the domestic market The market price fell steadily In the second half of 1998, the price fell sharply, such as the drop of 40% in Heilongjiang However, a large number of imports continued into the first half of 1999 With the beginning of the summer of 1999, 13% value-added tax on imported soybean meal was resumed in China, which made many domestic importers suffer a lot of losses in this process At the same time, the import of soybean meal decreased rapidly in 1999 From the price of soybean meal in May this year, the national average is 2170 yuan / ton, which is 40% higher than the international market, so the competitiveness of domestic soybean meal is far lower than the international level Including Heilongjiang, the soybean producing area in China, is only close to the international price level Southern and southwest provinces, such as Chongqing, Yunnan, Guizhou, Sichuan and Hainan, are about 70% higher than the international market price China feed industry information network 3gq (author:)
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.