China's Soybean Prices Decreased By 27.73% YoY Owing to Quality Issues and Oversupply

The wholesale price of soybeans in Henan, China has kept a flat trend since Aug-23, and stood at USD 0.72/kg in W45. However, the price has decreased significantly by 27.73% year-on-year (YoY). Notably, the downward trend in soybean prices stopped from Aug-23 as supply decreased. Tridge anticipates soybean prices in China will maintain a flat trend in the near term.