16:16, 28.08.2009 — Новости
автор: OilWorld.Ru

DJ China Soybean Prices Stable;Cos Suspend Output On Low Supply (ENG)


BEIJING (Dow Jones)--Soybean prices in China's major producing areas were
mostly stable in the week to Friday as more processors suspended production
due to limited supply.

  Soybean prices in Harbin city in Heilongjiang, a key growing province, were
between CNY3,680-CNY3,780 a metric ton, little changed from a week earlier.

  In Jiamusi, also in Heilongjiang province, prices were around CNY3,480/ton
compared with CNY3,440-CNY3,480/ton.

  Little was sold during the government's weekly soybean auctions and
processors were waiting for government subsidies as auction prices were too
high to make a profit.

  Soyoil prices were mixed as futures consolidated without much guidance.
Trading was light as traders stayed on the sidelines.

  First-grade soyoil prices in southern Guangzhou city were at
CNY7,480-CNY7,700/ton versus CNY7,400-CNY7,650/ton a week ago. In northern
Jilin province, they were at CNY7,260-CNY7,550/ton versus
CNY7,200-CNY7,300/ton.

  Soymeal prices were higher on expected better feedmeal demand later this
year.

  Wholesale pork prices have risen 15% so far since late May, while retail
prices of eggs were up 3.7% since mid July, according to data from the Ministry
of Commerce.

  Soymeal prices were at CNY3,430-CNY3,500/ton in Linyi in Shandong province,
up from CNY3,360/ton a week earlier. They were around CNY3,410/ton in Harbin,
up from CNY3,390/ton.


  -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848;
tracy.zheng@dowjones.com


  

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