BEIJING: New organic soybeans have been on the market since they have been on the market. The planting area has been dramatically reduced this year, coupled with the disaster in the customs, the production of domestic organic soybeans in the new season has decreased, and the grassroots are generally reluctant to sell. Although China National Grain has supplemented the market and continued to launch, the auction transaction price has reached a new high! Coupled with the recent development of many grain depots and enterprises, the market continues to rise.
In the northeast region, except for low-protein gross grains of US$0.93-0.95/kg, the price of rancid grains in many areas has reached around US$0.97/kg! Shandong, Jiangsu, Anhui and other places have all increased recently. The short-term soybean market is still stable and relatively strong, but it is still challenging to want a sharp rise in the short term! Imported soybeans at the port continued the deadlock, and market traders had a small number of goods released, but shipments were slow. Imported soybeans are tight, and port prices are temporarily stable.
Current Market Price in China for 2020 CROP soybean
| Product | Organic Soybean |
| Type | NON-GMO |
| Colour | Yellow |
| Purity | 99.5 % Min |
| NON | GMO |
| Package | 25kg Paper Bag |
| Loading | 22Tons / 20GP |
| FOB Dalian | USD 1190/Mt |