SunSirs: Supply Tightens, China Domestic Soybean Market Revives
June 12 2023 15:14:33 SunSirs (Selena)
According to monitoring data from SunSirs, starting from June 1st, the domestic soybean market slightly improved and prices slightly increased. On June 1st, the average market price of domestic soybeans was 5,250 RMB/ton. On June 9th, the average market price of domestic soybeans was 5,260 RMB/ton, with a price increase of 0.19%.
Since June, due to the relatively tight supply of domestic soybeans in the main production areas, traders have mainly raised prices, with average market transactions and a slight increase in the market. The market quotation for domestic soybeans in the main production areas has continued to be around 2.65 RMB/half kilo, with a slight increase in the market and overall stability.
Agricultural product analysts from SunSirs believe that the quantity of domestic soybeans in the production area is gradually decreasing, and supply is tight. It is expected that the domestic soybean market will remain strong in the future.
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