Indian soybean meal prices remain stable
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Last Update: 2002-01-10
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Source: Internet
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Author: User
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Introduction: Indian agricultural products network, January 8: Although the price of Indian soybean meal continues to stabilize to rise, the market as a whole is still weak It is expected that as the short covering ends, buyers will leave the market, leading to a drop in prices In addition, traders are waiting for the trend provided by CBOT and expect the market to change with the Chicago market The price of for soybean meal at gendra port is INR 8100 / ton, the price of mortgaged soybean meal outside Indore crushing plant is INR 7400 / ton, and the price of non mortgaged soybean meal is INR 7300 / ton Long term analysis of soybean meal supply from Argentina and Brazil will determine the price of Asian market If China continues to sell large quantities of soybean meal and the Argentine Peso depreciates, then Indian soybean meal will not be able to maintain the current level of demand, but the rising soybean oil price will be conducive to the sale of soybean meal at a low price.
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