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Kazakh oilseed processors plan to begin exporting sunflower meal to China in 2023, with a draft protocol expected to be signed by year-end. China imported about 2.2 million tonnes of sunflower meal over the last two seasons.
Central Asia currently imports Argentine soybean meal to cover a shortfall of about 200 thousand tonnes.
New Kazakh supply into China could add to sunflower meal availability over time, but near-term effects on prices are limited since the export start is still a future plan.
apk-inform.comNov 14, 2022Not 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.
