China increased imports of sunflower and rapeseed meal in December

Published 2024년 1월 24일

Tridge summary

In December 2023, China saw a surge in imports of rapeseed and sunflower meal, with supplies reaching 272 thousand tons and 353 thousand tons respectively. The primary suppliers were Ukraine and Bulgaria for sunflower meal, and Canada, the UAE, and Ukraine for rapeseed meal. Despite the increase in imports, China's domestic market is experiencing an oversupply of oilseed meal, resulting in significant price pressure. In 2023, China's imports of seven major categories of oilseed meal rose by 12%, hitting a record high of 8.7 million tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Oil World (Germany), China continued to increase imports of rapeseed and sunflower meal in December 2023. Thus, at the end of this month, supplies of rapeseed meal increased to 272 thousand tons against 221 thousand tons in the same period in 2022, sunflower meal – to 353 (309) thousand tons. As noted, China imported the main volumes of sunflower meal in December from Ukraine (218 thousand tons) and Bulgaria (129 thousand tons), rapeseed meal from Canada (168 thousand tons), the UAE (50 thousand tons) and Ukraine (40 thousand tons). thousand tons). It is also reported that, according to traders, there is now an excess of oilseed meal in the domestic market of China, which puts significant pressure on prices. Overall, China's imports of seven major ...

Source: Oilworld