# SunSirs: Good News, China Soybean Meal Market continues to Rise

> SunSirs reports China's soybean meal prices rose about 18% from July 1 to August 9, reaching around 4,668 RMB per ton. The rise followed lower soybean imports in July and a renewed decline in meal inventories.

- Date: 2023-08-10 · published 2023-08-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/34668-sunsirs-good-news-china-soybean-meal-market-continues-to-rise
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter Chinese meal supply from reduced crushing and falling inventories supports regional meal prices and keeps import demand firm.

## Read by commodity

- SBM: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-14060.html

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