Prices for vegetable oils and meal in China are falling ahead of holidays

According to the China SunSirs analytical center for raw materials, a decrease in prices for vegetable oils is observed in the country's market. Specifically, prices for palm and rapeseed oil have fallen the most, while soybean oil prices remain relatively stable. On the eve of the Spring Festival, market participants have adopted a wait-and-see approach and are trying to assess the balance of supply and demand, not ruling out the possibility of further price declines in the near future in the absence of new support factors from the currency or raw material markets. Throughout February, prices for major commodities on the domestic market of the PRC decreased: Soybean prices remained unchanged at 4468 yuan/t or 625 $/t.