Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of rapeseed meal on October 16th was 3,456 RMB/ton, and on October 20th, the average market price of rapeseed meal was 3,426 RMB/ton, with a decrease of 0.87% during the period.

Analysis review

The rapeseed meal prices mainly declined this week. The import of rapeseed in November is expected to increase, rapeseed supply will be loose, and rapeseed meal output is expected to increase. The fourth quarter is the off-season for aquaculture, and the market demand for rapeseed meal decreased, dragging down the market for rapeseed meal.

In terms of soybean meal: According to the monitoring of the commodity market analysis system of SunSirs, the average market price of soybean meal on October 16th was 4,346 RMB/ton, and on October 20th, the average market price of soybean meal was 4,368 RMB/ton, with an increase of 0.51% during the period. This week's soybean meal market experienced volatility to be stronger, boosting the market for rapeseed meal and limiting its downside space.

Market outlook

Soybean meal experienced a slight fluctuation and rise this week, and the rapeseed meal market had been boosted. However, in the context of the off-season consumption of rapeseed meal, it is expected that the fluctuation of rapeseed meal will be mainly weaker.

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