Loading…
SunSirs reports the average Chinese rapeseed meal price rose 3.75% from April 1 to April 25, to 3,090 RMB/ton, though it remained 6.76% below March 1. Prices fell in March on weak supply and demand and a weaker soymeal market, then recovered from positive news in April with limited upside.
Rapeseed meal is a feed protein competing with soymeal, so firmer domestic prices support feed costs for Chinese buyers. Upside appears limited while global rapeseed supply has loosened.
sunsirs.comApr 26, 2023Not 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.
