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SunSirs reports China's domestic rapeseed meal price fell 27.47% from 4,083 RMB/ton in early September to 2,961 RMB/ton on December 4. Declines were driven by falling Canadian rapeseed CNF prices and expectations of loose supply from heavy imported rapeseed arrivals.
Heavy import supply and lower Canadian seed costs keep China's rapeseed meal prices under pressure, weighing on global canola meal values and competing protein meals.
sunsirs.comDec 7, 2023Not 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.
