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SunSirs reports China rapeseed meal averaged 3,561 RMB/ton on June 26, up 8.15% from 3,293 RMB/ton on June 1. Soybean meal rose 5.36% over the same period, with strong aquaculture demand supporting prices.
Rising domestic meal prices in China reflect tight rapeseed supply expectations tied to Australian El Niño losses and firm feed demand, supporting meal values in the near term.
sunsirs.comJun 27, 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.
