Thai soybean meal buyers are hard to find

Introduction: Bangkok, May 21 News: Thailand's grain trade was very calm on Tuesday, many importers left the market to wait and see, looking forward to trading after Chicago's price fell An official from a large feed processing plant said that his company has no interest in purchasing at present In terms of South American soybean meal, the ideal purchase price is $200 per ton, CNF price On Monday, CBOT's soybean meal hit a 10-and-a-half-month high in July, reaching $165.50 per short ton On Tuesday, the CNF of Brazil's high protein soybean meal for June / July shipment was quoted at US $210-211 per ton, compared with us $206-207 per ton last week In addition, traders also offer Argentine soybean meal, CNF price for June shipment is 208 US dollars per ton According to Thai traders, the vast majority of feed processing plants have not yet completed the purchase of June and July shipping requirements According to industry sources, Vivat bought a ship of 25000 tons of Argentine soybeans, which is expected to arrive at Bangkok port from May 26 to 28 Another 6000 ton soybean meal freighter from China will arrive in Thailand on Tuesday Thai companies bought the Chinese soybean meal from Mitsubishi, a Japanese company, according to people familiar with the matter Mitsubishi and TOEFL international have been actively selling Chinese soybean meal to Thai importers in recent months Traders said they did not expect Thai Ministry of Commerce officials to sell the government's corn stocks in the short term, despite repeated requests from corn traders With the government focused on preparing for a debate later this week, a decision on the sale of corn stocks is unlikely A Thai corn exporter said the Ministry of Commerce would not make a decision this week, especially during a government debate Charoen Pokphand (CP), Thailand's largest feed processing plant, has bid for all government corn stocks at a price well below THB 4 / kg On Tuesday, local traders quoted 10.10 baht per kilogram of local soybean meal.