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Ukrainian sunflower meal export prices rose at the Pivdennyi/Odesa/Chornomorsk ports on higher Chinese demand after the Lunar New Year. Limited Ukrainian supply from slower sunseed crushing also supported prices.
Market participants said the Chinese demand could be short-lived as Brazilian soybean supply increases.
Stronger Chinese buying of sunflower meal supports Black Sea meal values, but expected higher crush rates and Brazilian soybean meal supply could reverse the gain.
argusmedia.comNataliia HaisonokMar 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
