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Ukraine raised sunflower meal exports to China 18-fold to 633 thousand tons in September-February 2018/19 versus the prior-year period. Shipments then collapsed in March, with virtually no deliveries, as Chinese demand and purchase prices fell.
A sharp drop in Chinese demand for sunflower meal removes a key export outlet and adds supply pressure on meal prices, a competitor to soybean meal in feed rations.
latifundist.comApr 11, 2019Not 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.
