In Beijing, the latest forecast for China’s soybean supply and demand outlook for 2023/24 remains consistent with previous projections. Domestically, leading up to the Lunar New Year, sales regions have largely finalized their stock replenishment activities, resulting in relatively subdued soybean purchasing and sales activities, thus maintaining market stability.
On the international front, South American soybean production has entered the harvest phase, with notable increases in output from countries like Argentina. This surge in production has contributed to a globally loose pattern in soybean supply.
As China navigates through domestic and global market dynamics, stakeholders continue to monitor developments closely for potential impacts on soybean prices and trade flows in the upcoming months.
Current Market Price in China for new crop soybean
Product |
Chinese Soybean |
| Type | NON-GMO |
| Color | Yellow |
| Purity | 99.5 % Min |
| NON | GMO |
| Package | 25kg Paper Bag |
| Loading | 22Tons / 20GP |
| Conv. FOB Dalian | USD 830-850/Mt – EURO 770-789/Mt |
| Org. FOB Dalian | USD 900-930/Mt – EURO 835-863/Mt |
For improved website design , harvest information , statistics , please subscribe CMBroker