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China rapeseed meal averaged 3,410 RMB/ton on June 16, up 2.25% from 3,335 RMB/ton on June 12. Soybean meal rose 3.89% over the same period to 3,952 RMB/ton amid El Nino concerns and strong aquaculture demand.
Rising domestic meal prices in China reflect firm aquaculture feed demand and weather-related supply worries, supporting higher protein meal costs for feed buyers.
sunsirs.comJun 21, 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.
