USD/TON Soybean Meal:(2019=$404)(2012=$433)(2011=$477)(2008=$680)
PRICES SHOWN PER USD/TON NOT IN LINE WITH EVEN 2012 YEAR.
( THIS IS ONE OF REASONS WHY. )
DEFINITELY NOT $680. PER TON AS IN PREVIOUS ‘BEST’ YEARS AS STATED BELOW!
Quoted 10K filing 4/17/2013 for 2012 year period.
“Products Price
(USD/ton)
2012 2011
Soybean oil (Grade IV) $ 1,349 $ 1,519
Salad oil $ 1,394 $ 1,585
Soybean meal $ 433 $ 477
Low temperature soybean meal $ 603 $ 708
Squeezed soybean oil $ 1,433 $ 1,621
Concentrated soybean protein $ 1,222 $ 1,505
Note: the amounts are converted from RMB value using 1USD = 6.3086RMB of the year end rate of 2012, and 1USD=6.3585RMB of year end of 2011.
The price of soybean meal was $433 per ton at the end of 2012, a decrease of $44 per ton from $477 for the year ended December 31 2011. For the past few years, the price of soybean meal has been in the higher range, up to $680 per ton. The prices of our products are determined by taking into account the costs of labor as well as the seasonality of demand in the soybean market. Traditionally, the prices of our raw materials are lowest during the soybean harvest period between October and December, as the supply is most abundant then. Our prices then usually peak from January to February due to the large demand during the Chinese New Year and Spring Festival holidays.”
End quote YSYB 10K filing 4/17/2013 for 2012 year period.
YANGLIN WILL PERFORM!
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