1.Price Trend

According to the monitoring of SunSirs, the average price of rapeseed meal at the beginning of the week was RMB 2356 yuan/ton, while the average price of rapeseed meal at the end of the week was RMB 2336 yuan/ton, down 0.85%.

2.Cause analysis

Rapeseed meal prices fell weakly this week. The price of rapeseed meal in Jiangsu is RMB 2331-2350 yuan/ton on September 27. The peak of aquaculture has passed, the demand for rapeseed meal has declined, the global epidemic of swine fever continues to ferment, and the market demand for meal has been suppressed. With the coming of National Day, environmental protection inspections, most oil factories shut down, market stocks, support the market of rapeseed meal.

As for domestic rapeseed, the price of domestic rapeseed in Yancheng, Jiangsu Province is about RMB 2.38 yuan/kg, that in Hubei Province is about RMB 2.45 yuan/kg, and that in Anhui Province is about RMB 2.35 yuan/kg. The price of domestic rapeseed has risen slightly, and the yield of rapeseed in Inner Mongolia has decreased, and the market volume has increased. Imports of rapeseed are limited due to the tension between China and Canada. From January to July 2019, China imported 1.88 million tons of rapeseed, 2.5 million tons in the same period last year, a decrease of 24.8% compared with the same period last year.

3.Future Market Forecast

Rapeseed meal market demand is limited, SunSirs rapeseed meal analysts predict that pre-holiday rapeseed meal will be mainly shaking adjustment.

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