According to the commodity analysis system of SunSirs: after the Qingming Festival, affected by the tariff policy, the soybean meal market has improved and prices have continued to rise. On April 7, the average market price of soybean meal was 3,118 RMB/ton, and on April 10, the average market price of soybean meal was 3,324 RMB/ton, a price increase of 6.61%.
Tariff policy affects soybean meal prices and prices have risen
During the Qingming Festival, affected by the US tariff policy, the price of imported raw soybeans is expected to rise, the domestic soybean meal futures market has risen, soybean oil mills have raised the ex-factory price of soybean meal, downstream feed mills have replenished stocks, and the spot market of soybean meal has improved. After the holiday, the opening price of soybean meal rose sharply, and the price continued to rise at a high level of 3,300 RMB/ton this week, with prices rising continuously, an increase of more than 6%.
SunSirs soybean meal analysts believe that in mid-to-late April, the impact of the US tariff policy is still there, terminal demand has improved, and futures market support, the soybean meal market will continue to run at a high level in the future.
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