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Rapeseed News
SunSirs: China Rapeseed Remained Stable and Dominated Last Week (May 20-24)
May 28 2024 15:44:09SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the domestic rapeseed prices remained stable last week. On May 20th, the average market price of domestic rapeseed was 6,040 RMB/ton, and on May 17th, the average market price of domestic rapeseed was 6,040 RMB/ton, with stable prices. New rapeseed has been launched one after another, and the weather is sunny. The harvesting progress of domestically produced new rapeseed is accelerating. Oil factories have a strong willingness to purchase high-quality new rapeseed, with an upward trend. Overall, the purchase price of new rapeseed remains stable. In terms of rapeseed meal and oil, the weather is warming up and aquaculture is in peak season, resulting in a positive demand for rapeseed meal; Oil is in the off-season of demand, and demand for rapeseed oil may be limited. Last week, the trend of rapeseed meal and rapeseed oil was relatively strong. With the large-scale launch of new rapeseed, market purchasing sentiment may improve, and it is expected that domestic rapeseed will have an upward trend in the short term.

 

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