According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of rapeseed meal on September 13th was 3,901 RMB/ton, and on September 20th, the average market price of rapeseed meal was 3,833 RMB/ton, with a decrease of 1.75% during the period.

Since September, the market for rapeseed meal has been continuously declining. In the early stage, there was a significant decrease in imported rapeseed and rapeseed meal, and the pressure on rapeseed meal supply weakened; But as the weather turns cooler and the aquaculture season ends, the demand side's enthusiasm for purchasing rapeseed meal decreases, rigid demand weakens, and rapeseed meal inventory shows a rebound trend, suppressing the weakening of rapeseed meal market. Adding rapeseed into the harvest period increases seasonal supply pressure; On Tuesday (September 19th), Canadian rapeseed futures on the Intercontinental Exchange (ICE) fell for the second consecutive trading day, putting some pressure on the domestic rapeseed meal market.

In terms of soybean meal: According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of soybean meal was 4,790 RMB/ton on September 13, and 4,704 RMB/ton on September 20, with a decrease of 1.80% during the period. Under the weakening of the US soybean market, the soybean meal market fell, and the rapeseed meal market was under pressure and lowered.

Since September, the market for rapeseed meal has been continuously declining. The peak season of aquaculture is gradually coming to an end, and the rigid demand for rapeseed meal is decreasing. It is expected that rapeseed meal will mainly operate with weak fluctuations.

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