1. Rapeseed Meal Market Price Trend

According to SunSirs monitoring, the average price of rapeseed meal in East China this weekend was 2,343 yuan/ton, which was the same as the average price at the beginning of that week, and rapeseed meal remained stable.

2. Market analysis

ccording to the SunSirsy, in Jiangsu area, Dubai bulk rapeseed meal, Nantong 2,350 yuan / ton, the price rose by 10 yuan / ton compared with the previous day; Zhonggu Bilu packaging rapeseed meal 2,390 yuan / ton, the price rose by 40 yuan / day Tons; bulk granular rapeseed meal, Nantong 2,320 yuan/ton, quotation increased by 10 yuan/ton from the previous day; Tianjin area, Canada bulk granular rapeseed meal, Tianjin 2,350 yuan/ton, quotation increased by 10 yuan/ton from the previous day; Bulk Dubai rapeseed meal, Tianjin 2,380 yuan / ton, offer 10 yuan / ton higher than the June 4; Hunan region, bulk granular rapeseed meal, Yueyang 2,370 yuan / ton, offer 10 yuan / ton higher than June 4.

Regarding the import of raw rapeseed meal, according to customs data: In April 2020, China imported a total of 247,100 tons of rapeseed meal, an increase of 11.4% month-on-month and a decrease of 15.9% year-on-year. From January to April this year, my country's cumulative imports of rapeseed meal were 892,600 tons, a substantial decrease of 41.1% from the same period last year. The data shows that the supply of rapeseed meal is reduced, and the inventory of rapeseed meal is at a low level, supporting rapeseed meal prices. As the temperature gradually rises, the demand for rapeseed meal, which is mainly used in aquatic feed production, will increase, boosting the price of rapeseed meal; on the other hand, the price difference between soybean meal and rapeseed meal is at a low level.

3. Future market forecast

At the end of May, Sino-Canadian relations were tense again, and imported rapeseed meal may continue to decrease. SunSirs rapeseed meal analysts predict that rapeseed meal prices may fluctuate strongly.

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