# Oilmeals: China gives Russia a boost - Mundus Agri

> Russia has increased exports of sunflower meal, up 64% to 695,300 tonnes, and soybean meal, up 57.4%, in the season through January 27. China has become an important destination for Russian oilseeds and by-products, with shipments up 3.9%. Global oilmeal output is forecast to reach a record 363.2 million tonnes in 2019/20.

- Date: 2020-02-05 · published 2020-02-05T12:00:00.000Z
- Category: trade · region Russia · magnitude low
- Page: https://feedsoft.ai/events/54656-oilmeals-china-gives-russia-a-boost-mundus-agri
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising Russian sunflower meal exports add supply to the global protein meal market, which is forecast at a record, a bearish influence on meal prices in Europe and Asia.

## Read by commodity

- SBM: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-08-30 | [As US Trade Dispute Lingers, China Gives Argentina Soy Meal a Second Look](https://feedsoft.ai/events/57426-as-us-trade-dispute-lingers-china-gives-argentina-soy-meal-a-second-look.md) | -1.6% | -0.7% |
| SBM | 2018-04-04 | [Rapeseed meal: China's punitive tariffs make oil meal](https://feedsoft.ai/events/65477-rapeseed-meal-china-s-punitive-tariffs-make-oil-meal.md) | +1.0% | +6.1% |
| SBM | 2019-09-05 | [China allows imports of soybean meal, rapeseed meal, sunflower meal and sugar beet pulp from Russia](https://feedsoft.ai/events/57185-china-allows-imports-of-soybean-meal-rapeseed-meal-sunflower-meal-and-sugar.md) | -0.9% | +2.8% |
| SBM | 2019-08-28 | [AgroPages-Argentine oilseed industry closer to start selling soybean meal to China-Agricultural news](https://feedsoft.ai/events/57428-agropages-argentine-oilseed-industry-closer-to-start-selling-soybean-meal-to.md) | +0.2% | +0.6% |
| SBM | 2021-05-11 | [SunSirs: Negative Pressure, China's Soybean Meal and Oils Fully Callback](https://feedsoft.ai/events/12364-sunsirs-negative-pressure-china-s-soybean-meal-and-oils-fully-callback.md) | -6.1% | -12.3% |

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/oilmeals-china-russia-boost.n20049.html

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