Recent Price of Soy in China

Chinese Development and Reform Commission announced that will continue to executive temporary buy and reserve soybean policy in North-East China. The update price is RMB1.87/KG(last year is RMB1.85/KG); Additionally it will permit the local enterprise buy domestic soybean and supply subsidy of RMB160/MT. On the other hand, the reduction of output of soy became reality in this year. It makes the price of soy remain high level.