Loading…
China's December 2023 imports of rapeseed meal reached 272,000 tonnes and sunflower meal reached 353,000 tonnes, both higher than a year earlier. Traders report an oversupply of oilseed meal in China, which is pressuring domestic prices.
Total oilseed meal imports in 2023 rose 12% to a record 8.7 million tonnes.
Heavy Chinese import volumes combined with an oversupply put downward pressure on global sunflower and rapeseed meal prices. Weaker Chinese demand for meal could carry into other protein meals.
tridge.comVictor LangatJan 24, 2024Not enough comparable past events yet for a historical read.
Not 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.
