According to the commodity market analysis system of SunSirs, the soybean meal market was weak and declined at the end of June. On June 24th, the average market price of soybean meal was 3,302 RMB/ton. On June 27th, the average market price of soybean meal was 3,290 RMB/ton, a decrease of 0.36%.

At the end of June, due to the continuous increase in imported soybean raw materials to the port, soybean meal inventory continued to increase, and the pressure doubled. The purchasing demand of terminal feed factories declined, and market transactions declined. The soybean meal market slightly declined, with the average market price dropping to 3,300 RMB/ton, a decrease of less than 1%.

SunSirs agricultural product analysts believe that the demand for terminal feed is sluggish, and the soybean meal market will continue to weaken and decline in the future.

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