# SunSirs: China's Soybean Meal Market Oscillated upward in May, an Increase of 2.28%

> SunSirs reports China's soybean meal average price rose 2.28% in May to RMB 3,595 per tonne as of May 25, after a 1.29% gain in April. Prices rose after the May Day holiday as US soybean meal futures firmed during the planting period.

- Date: 2021-05-26 · published 2021-05-26T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/47163-sunsirs-china-s-soybean-meal-market-oscillated-upward-in-may-an-increase-of-2-28
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher Chinese domestic meal prices reflect firm import costs and support feed input costs for Chinese livestock producers. The gain is a routine price move with limited new fundamental driver.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-4929.html

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