Wednesday, 14 January, 1998

By FWi staff

SOYABEAN meal prices continue to fall, reflecting projections that global oilseed stocks will be larger than originally forecast.

A decline in soyabean meal exports from the USA and expectations of a large South American soyabean harvest also helped put the lid on prices, according to the United States Department of Agriculture.

Imported soyabean meal dropped £11 this week to £184/ tonne – increasingly competitive when compared with home-produced oilseed rape meal, which climbed £5 to £135/ tonne.

Other price changes this week were minor and largely reflected the Pounds buying power.

Citrus pulp dropped £3 to £59/ tonne. Palm kernel dropped £2 to £55/ tonne. Imported distillers dried meal inched back £1 to £119/ tonne. Imported maize gluten also fell by £1 to £91/ tonne.