On April 26, 2026, China's soybean meal market showed remarkable price stability across 40+ major crushing mills, with quotes ranging from 2,870 RMB/ton (Rizhao Lingyunhai) to 3,060 RMB/ton (Changchun Jiusan). Key hubs like Rizhao Bangji held at 2,900, Tianjin Bangji at 2,970, and Dongguan COFCO at 2,970 — all unchanged from the prior session.
What this flat pricing means for overseas buyers
For B2B importers of feed ingredients into Southeast Asia, this price plateau signals a temporary equilibrium in China's domestic soybean meal supply-demand balance. The lack of movement across both northern (Tieling, Changchun) and southern (Dongguan, Zhanjiang) mills suggests that crushers are operating at steady utilization rates, with no major disruptions from soybean arrivals or crush margins.
DW28's perspective: Overseas buyers sourcing soybean meal for aquaculture or livestock feed — particularly for Chinese restaurant supply chains in Vietnam, Thailand, and Indonesia — should note that China's domestic prices are not currently under pressure from either oversupply or demand spikes. This stability reduces the risk of sudden cost inflation for imported feed, but also means that any future price break will likely come from external factors (e.g., South American harvest logistics, freight rates) rather than domestic Chinese dynamics.
Regional price spreads and logistics implications
The widest spread in today's data is between the Shandong-based low of 2,870 (Rizhao Lingyunhai, Longkou Xiangchi) and the Northeast high of 3,060 (Changchun Jiusan) — a 190 RMB/ton differential. This is consistent with typical north-south logistics costs within China, but for overseas buyers considering mixed-container shipping from Chinese ports, the key takeaway is that Shandong and Jiangsu origins (Rizhao, Linyi, Taizhou, Nantong) offer the most competitive FOB pricing.
For importers consolidating soybean meal with other dry bulk commodities (e.g., starches, seasonings), the flat price environment reduces the urgency to lock in forward contracts. However, DW28 recommends monitoring the 2,870–2,900 RMB/ton floor in Shandong — if this level breaks lower, it could signal a broader bearish turn that benefits overseas buyers but may also indicate weakening Chinese feed demand, which has downstream implications for pork and poultry production volumes.
Impact on Chinese restaurant supply chains abroad
Stable soybean meal prices support steady feed costs for Chinese-style hog and poultry operations in Southeast Asia, which in turn stabilizes wholesale pork and chicken prices for overseas Chinese restaurants and supermarkets. For importers of frozen pork or poultry into markets like Singapore, Malaysia, or the Philippines, today's data suggests no imminent cost-push inflation from the feed side of the value chain.
That said, the flat market also means no bargain-buying opportunity — overseas buyers should expect to pay current market rates for Chinese-origin soybean meal, with the best value coming from Shandong-based suppliers via market-procurement consolidation strategies that minimize per-ton logistics costs.