SunSirs: The Supply of Imported Soybeans is Guaranteed in China, and the Short-term Price Increase of Soybean Meal is Difficult to Sustain

Since April, due to the delayed arrival of imported soybeans from Brazil and the concentration of stocking by feed breeding enterprises before the May Day holiday, there has been a temporary mismatch between supply and demand in the domestic soybean meal market, resulting in a continuous rise in spot prices. Some industry chain entities have also followed suit and rushed to buy.

In fact, the domestic market is not lacking in imported soybeans. There were previously excessive purchases of American soybeans, followed by a large amount of Brazilian soybeans arriving at the port at the end of April. It is expected that as the operating rate of oil plants gradually recovers, the short-term tight supply of soybean meal will soon ease. The price of soybean meal is expected to fall from a high level before and after the May Day holiday. Market entities do not need to worry excessively and can maintain a normal buying and selling rhythm.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.