Thailand's huge soybean meal inventory puts pressure on local soybean meal prices
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Last Update: 2001-09-12
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Source: Internet
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Author: User
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Introduction: in Thailand, according to Thai traders, local soybean crushers and suppliers are digesting huge soybean meal stocks, which put pressure on local soybean meal prices The price of locally pressed soybean meal was 9.90 Thai per kilogram, while the price of low protein soybean meal in Argentina fell to 9.60 Thai per kilogram But the drop in prices did not prompt buyers to rush into the market to place orders, traders said, as buyers were still monitoring prices A European trading firm with some unsold Argentine soybean meal in its warehouse may be forced to cut prices in order to clean up its inventory There is also a ship of soybean meal on its way On Monday, Argentina's CNF for high protein soymeal in Thailand was $206 a tonne, while the CNF for low protein soymeal was $192 a tonne (author:) share to feed Weibo share to:
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