Review of soybean meal trade in Asia: livestock disease, CBOT price rise, Wei

Introduction: Singapore, May 16 (Reuters) - Asian soybean meal trading has been quite unstable for a period of time due to the Argentine economic crisis Efforts to carry out the exchange must continue, because problems in animal husbandry and the strength of Chicago soybean meal make soybean meal buyers wait and see, which makes the trading volume very flat While meal users consider feed demand, foot-and-mouth disease broke out in South Korea, and a new case of mad cow disease was found in Japan, making regional traders say the trading prospects are bleak, at least not to improve until mid June But the rising soybean meal price makes the trading prospect suspicious Traders in Singapore said the problem was not over Just as we think Argentina is back on track, we have news of mad cow disease and foot-and-mouth disease Due to the rising price, the importers are not interested in soybean meal at present Traders said that Korean feed purchasing organizations should limit bidding procurement as much as possible so that it can only be used for people's daily consumption, not as feed consumption At the same time, the confirmation of the fourth case of BSE in Japan made traders focus on Japanese feed demand again One trader said he did not expect any improvement at the late June fair But the good news is that some Argentine soybean meal businesses are beginning to recover, and the market's fear of BSE and FMD has diminished, less than we thought last month Thai feed Promotion Association has agreed to buy 15000 tons of Argentine protein soybean meal from Cargill at a price and freight of US $183.5 per ton, with a shipping period from May 15 to June 10, Bangkok traders said Wednesday "Thailand is one of our few buyers," said one regional trader Malaysia also has some purchase intentions, and is currently negotiating several purchases with Indonesia " Market sources say Thai importers are in talks to import another two batches of soybean meal, most likely from Argentina At present, the price of low protein Argentine soybean meal is 190 US dollars per ton, the CNF price in Southeast Asia, and the price of Indian soybean meal is 205 US dollars per ton US $220 per ton of high protein soybean meal A regional trader said that China's soybean meal supply had almost dried up, and he could not provide the price of China's soybean meal exports Meanwhile, some Philippine soybean meal buyers are waiting for Chicago soybean meal price to stop rising due to more Argentine soybean meal arrival "Soybean meal prices will fall," said one Manila trader A large number of Argentine soybeans are being harvested The reasoning is that soybean meal prices will fall But sometimes the grain market doesn't follow this rule " A Hanoi trader added: "there will be several deals soon I didn't find anyone particularly worried about the price Indonesian importers say they are beginning to feel that Indian soybean meal is entering the Indonesian market Indonesian traders expect India to regain the top spot in soybean meal exports, losing to the US in the past two years thanks to the US's gsm-102 export credit program (author:) share to feed Weibo share to: