According to the monitoring of the commodity market analysis system of SunSirs, the average market price of rapeseed meal on January 15th was 2,818 RMB/ton, and on January 19th, the average market price of rapeseed meal was 2,801 RMB/ton, with a decline of 0.59% during the period. This week, rapeseed meal has been operating in a narrow range. After the fourth quarter of 2023, new Canadian rapeseed has arrived in Hong Kong one after another, leading to an increase in the quantity of imported rapeseed and an increase in rapeseed meal output; At present, aquaculture is in the off-season of demand, which is negative for rapeseed meal prices. Although rapeseed meal has a good cost-effectiveness, the demand boost in the downstream market is limited, and the demand side lacks support for rapeseed meal. It is expected that rapeseed meal will continue to operate in a narrow and weak range.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.