Tridge summary
China is expected to import 2.7 million tons of sunflower meal in the 2022/2023 season, a 39% increase from the previous season, according to the US Department of Agriculture's Foreign Agricultural Service. Sunflower meal has become more popular in China as the price of soybean meal has risen. Ukraine is the largest supplier of sunflower meal to China, followed by Bulgaria and Russia, with imports from the latter two countries growing significantly. However, sunflower meal imports are predicted to decrease to 2.5 million tons in the 2023/2024 season due to lower prices for soybean meal.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In the 2022/2023 season, which will end on September 30, China will import 2.7 million tons of sunflower meal, which is 39% more than last season, the US Department of Agriculture's Foreign Agricultural Service (FAS USDA) predicts. This is reported by the Grain On-Line agency. Sunflower meal became more attractive to Chinese consumers after soybean meal prices rose sharply in the second half of the current season. Imports of sunflower meal for the first eight months of the season reached 2.2 million tons. The lion's share of supplies (74%) was provided by Ukraine. The volumes of supplies of Ukrainian meal in the current season are stable, while imports from Bulgaria and Russia have grown significantly. From June 2022 to May 2023, 282.7 thousand tons of sunflower and rapeseed meal from Russia were imported into China (73.9 thousand tons for the same period a year earlier). Also, supplies of sunflower meal ...
Source: Oilworld
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