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China bought a record 8.7 million tonnes of oilseed meal in 2023, up 12% from 2022, with sunflower and rapeseed meal making up about 60% of supply. Imports grew again in December, led by Ukrainian sunflower meal and Canadian rapeseed meal.
Traders report an oversupply of meal in China that is pressuring prices.
Strong Chinese import demand supports export flows for sunflower and rapeseed meal, but the domestic oversupply is weighing on prices. Buyers should expect soft meal pricing in the near term.
ukragroconsult.comJan 25, 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.
