1.Price Trend

According to the monitoring of SunSirs, the average price of domestic rapeseed this week is RMB 4840 yuan / ton, which is temporarily stable.

2.Cause analysis

Products: the price of domestic rapeseed this week is temporarily stable, and individual traders slightly increase the price of rapeseed. The price of domestic rapeseed in Yancheng, Jiangsu Province is about RMB 2.4 yuan / Jin, that in Hubei Province is about RMB 2.5 yuan / Jin, and that in Anhui Province is about RMB 2.38 yuan / Jin. The high price of rapeseed in Inner Mongolia boosted the domestic rapeseed market. The limited production capacity of the small pressed thick fragrant rapeseed oil limits the demand of domestic rapeseed, and the increase range of domestic rapeseed is limited.

According to the global agricultural production report released by the U.S. Department of agriculture, Canada's rapeseed production in 2019 / 20 is expected to be 19.5 million tons, 600000 tons lower than last month's forecast, 800000 tons lower than last year's forecast.

This week, the price of rapeseed oil and meal was adjusted in a narrow range, and the market's rise and fall was not large. The average weekly price of grade 4 vegetable oil is RMB 7515 yuan / ton, and the average weekend price is RMB 7522 yuan / ton, up 0.1%; the average weekend price of rapeseed meal is RMB 2386 yuan / ton.

3.Future Market Forecast

According to the rapeseed analysts of SunSirs, the price of domestic rapeseed may continue to be strong.

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