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USDA FAS forecasts China will import 2.7 million tonnes of sunflower meal in the 2022/23 season, up 39% year on year. Ukraine supplied 74% of imports in the first eight months, while Bulgarian and Russian supplies rose sharply.
Stronger Chinese demand for sunflower meal as soybean meal prices rose supports sunflower meal values and competes with soybean meal in feed formulations. Forecast 2023/24 imports fall to 2.5 million tonnes, which could soften demand later.
ukragroconsult.comJul 12, 2023Not enough comparable past events yet for a historical read.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
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.
