Prices of key animal feed ingredients in China have soared in the second half of February this year after several oilseed crushers announced temporary closure due to the lack of soybeans.
Soymeal cash price jumped more than 9% from mid-February to 4,544 yuan/ton (719 USD/ton) by the end of the month, according to data released by the National Bureau of Statistics on Friday.
Soybean purchases from private companies in China have been stagnant since the start of the year as crush margins have been...