Ukraine retains leadership in sunflower meal supplies to China

Published 2024년 1월 25일

Tridge summary

In 2021, China's purchase of meal reached a record high of 8.7 million tons, marking a 12% increase from the previous year. The majority of these supplies, around 60%, were made up of sunflower and rapeseed meal. The main suppliers for sunflower meal were Ukraine and Bulgaria, while Canada and the UAE were the primary sources for rapeseed meal. However, despite this increase in imports, China's domestic market is experiencing an oversupply of oilseed meals, which is exerting significant downward pressure on prices.

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

Original content

China purchased a record 8.7 million tons of meal last year (+12% to 2022), according to data from the Hamburg-based analytical company OilWorld (Germany). According to their estimates, sunflower and rapeseed meal accounted for about 60% of supplies in the reporting period – 2.9 million tons and 2.3 million tons, respectively. According to German experts, imports of these products grew in December as well: up to 272 thsd tonnes of sunflower meal (221 thsd tonnes a year earlier) and 353 thsd tonnes of rapeseed meal (309 thsd tonnes). Last month, China purchased the main volumes of sunflower meal from Ukraine (218 thsd tonnes) and Bulgaria (129 thsd tonnes), and rapeseed meal from Canada ...

Source: UkrAgroConsult