date:Mar 29, 2013
two years, soymeal from China is uncompetitive by about USD 57 per tonne compared to the Americas. However, Rabobank believes that there are three scenarios that could change the status quo and lead to a geographical dislocation in the soymeal market.
First, Chinese processors could begin to sell soymeal at a discount or breakeven prices in order to capture the South East Asia market, a strategy followed to capture Chinese market share and one which kept the crushing industry going during unpro