# SunSirs: Rapeseed Meal Market was Rising in China since August

> SunSirs reports that China's feed raw material index rose nearly 7% in August 2023. Soybean meal led with a 13.1% gain, followed by DDGS at 6.96% and wheat at 6.49%. Rapeseed meal also rose.

- Date: 2023-09-06 · published 2023-09-06T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/34225-sunsirs-rapeseed-meal-market-was-rising-in-china-since-august
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A broad rally in protein and energy feed ingredients raises least-cost feed formulation costs for Chinese livestock and poultry producers. This supports prices for substitute meals such as rapeseed meal.

## Read by commodity

- SBM: bullish ▲
- DDGS: bullish ▲
- CANMEAL: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-14525.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.