# SunSirs: Negative News, China Soybean Meal Market Falls below the 3000 RMB Mark

> Chinese soybean meal averaged 2,924 RMB per ton on August 13, down 3.18% since August 1, falling below 3,000 RMB. China imported 9.853 million tons of soybeans in July, down 11.3% month on month, and inventories rose above 1 million tons from May to July.

- Date: 2024-08-15 · published 2024-08-15T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/12647-sunsirs-negative-news-china-soybean-meal-market-falls-below-the-3000-rmb-mark
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Ample imported soybean supply and rising meal inventories keep Chinese meal prices weak, lowering the cost of feed protein for domestic buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19558.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.