According to the monitoring of SunSirs, the average market price of domestic rapeseed was 7,024 RMB/ ton on October 31, and 7,040 RMB/ ton on November 3, with an increase of 0.23% during the period, 2.39% higher than that on September 1.

The price of domestic net rapeseed in Hubei is about 3.63 RMB/half kg; The quotation in Anhui is about 3.5-3.65 RMB/half kg; About 3.6 RMB/half kg in Jiangsu; The quotation in Sichuan is about 3.75 RMB/half kg. The quotation in Inner Mongolia is about 3.25-3.30 RMB/half kg. The domestic winter vegetable seed market has few supplies, supporting its price to rise slightly. In the spring rapeseed production area, due to the logistics obstacles, the flow into the southern region is limited. Imported rapeseed has not entered the domestic market in large quantities, and has little impact on domestic rapeseed at present. As domestic rapeseed is consumed over time, the supply of goods is insufficient, the price is high, and downstream demand is dominant.

In terms of supply and demand, the domestic rapeseed market has few sources of goods, and in terms of demand, the downstream mainly purchases on demand. Boosted by the tight supply of domestic rapeseed, SunSirs rapeseed analysts predicted that the price of rapeseed might be higher in China.

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