date:Jun 17, 2016
Since the beginning of April, domestic soybean meal goes into bull market. Its price in May even skyrockets more sharply in just one day than that in previous time. Statistics show that the price rises suddenly at more than 400 yuan/tonne in just one month. Compared with the low price in the beginning of April, the amount of increase is almost up to 700 yuan/tonne. Market speculation is one important factor causing the price surging. Rainstorm in South America leads to worries about production d