According to the monitoring of the commodity market analysis system of SunSirs, domestic rapeseed prices remained stable this week. On May 1st, the average market price of domestic rapeseed was 5,996 RMB/ton, and on May 28th, the average market price of domestic rapeseed was 6,040 RMB/ton, with a price increase of 0.73% during the period. In mid to late April and early May, new rapeseed was successively launched in Yunnan, Sichuan, and Hubei. Due to the lower than expected quality of new rapeseed, the market price of aged rapeseed slightly increased. In the early stages of the launch of new rapeseed, the quality was poor, and coupled with significant differences in rapeseed quality across different regions, the opening price was lower than last year, leading to a strong wait-and-see sentiment in the market. Due to the impact of cold wave weather in Hubei region in the early stage, rapeseed production has decreased, supporting the rise of domestic rapeseed market. During the May Day holiday, the trend of foreign American beans was relatively strong, and the domestic oil and vegetable market rose after the holiday, boosting the domestic rapeseed market. With the large-scale launch of new season rapeseed, the downstream procurement pace may increase.

In terms of rapeseed meal and rapeseed oil, the price of rapeseed meal has significantly declined towards the end of the month, and there is still pressure on the supply of rapeseed oil. It is expected that the overall fluctuation will be weak, with limited upward space; In the short term, it is expected that domestic rapeseed will remain stable.

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