Southeast Asian soybean meal buyers may purchase this week
-
Last Update: 2001-08-21
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: traders in Southeast Asia said that if international prices continue to weaken, Southeast Asian soybean meal buyers may purchase this week They say there are only a handful of end-users and importers in demand for soybean meal shipped in September, but major feed mills are expected to expand their purchases of corn shipped in early October On the Indonesian side, the stronger rupiah dollar exchange rate has prompted buyers to start new inquiries, but whether the deal is actually concluded depends on whether the soybean meal futures price in Chicago continues to fall from the current level, traders said A feed processing plant last week bought 20000 tons of American soybean meal from a local trading bank, due for shipment in October The CNF for September's US high protein soybean meal is quoted at US $230 to US $235 per ton Traders say several Thai trading houses are trying to sell soybean meal on the September shipment, but buyers are still hoping for a lower price Traders added that there is currently a ship of Argentine low protein soybean meal on the way looking for a buyer The ship's soybean meal is owned by a European trading bank, and the seller's departure price is US $203 per ton At present, the seller's quotation of soybean meal in September is generally between us $196 and US $197 per ton.
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.
