- The Chinese buyers will logically wait before
bidding on the “new crop” production as they were
able to restock well enough and they are sufficiently
covered not to rush for new purchases, all the more
that, as usual, they will want to exhaust the “old
crop” stocks still available before starting to buy the
- Finally, a continuous decline of soya meal
prices will not help the market to resist to all above
bearish factors as the fishmeal/soya meal price ratio
is back in the high levels between 4.5 and 5.0
whether on FOB-FOB basis or on delivered China
basis.