1.Price Trend

According to the monitoring of SunSirs, the average price of rapeseed oil on October 30 was RMB 7725 yuan / ton, up 1.11% from the previous day.

2.Cause analysis

On October 30, the price of rapeseed oil in Sichuan was RMB 7950 yuan / ton, and that in Guangdong, Guangdong and Guangxi was RMB 7630-7670 yuan / ton. The price of rapeseed oil rose. Affected by the increase of horse brown oil, the spot price of oil rose, boosting the price of rapeseed oil.

The price of domestic rapeseed is relatively strong, and the supply decreases with time consumption. In terms of the imported rapeseed, the domestic coastal imported rapeseed inventory decreased compared with last year due to the restriction of adding rapeseed.

3.Future Market Forecast

As the supply of imported rapeseed is tight and the squeezing profit is rich, the rapeseed oil analysts of SunSirs predict that the market of rapeseed oil may be strong.

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