China’s soybean meal market grew by 12% in January

Published Feb 5, 2025

Tridge summary

China's soybean meal market has seen a significant surge of about 12% in January and over 3% in the last week, leading up to the Chinese New Year, according to SunSirs Commodity Market Analysis System. This increase is attributed to a period of growth in South American soybeans, rising bean prices in world markets, and a recovery in the domestic soybean meal futures market. However, supply shortages occurred as domestic soybean oil mills were closed for maintenance before the New Year. Soybean stocks rose by more than 5% for the month. After the holidays, soybean oil plants are expected to resume operation, and feed demand is likely to increase, continuing the upward trend of the soybean meal market.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to SunSirs Commodity Market Analysis System, with the onset of the Chinese New Year (lasting until February 12), China’s soybean meal market is experiencing a significant surge, showing a 12% increase in January and more than 3% growth in the last week. In early January, feed demand was weak, supply was volatile, and soybean futures performance in foreign markets was average. In the middle of the month, South American soybeans were in a period of growth, with bean prices in world markets rising, while the domestic soybean meal futures market was recovering from low levels, which accounted for the strong growth numbers. At the end of the month, as the Chinese New Year approached, domestic soybean oil mills were gradually shut down for maintenance, leading to supply shortages. Soybean stocks continued to rise, up more than 5% for the month. According to agricultural product analysts SunSirs, soybean oil plants will gradually resume operation after the holidays, and feed ...

Source: UkrAgroConsult