1. Price Trend

According to data from SunSirs, the average domestic rapeseed price is 5,140 RMB/ton, and the offer is temporarily stable.

2. Market Analysis

Products: As time goes by, the number of domestic rapeseed gradually decreases. In the coming year, the reduction of domestic rapeseed production has become a foregone conclusion, supporting domestic rapeseed prices. Market demand for rapeseed is average. The domestic rapeseed price in Yancheng, Jiangsu area is about 5.16 RMB/kilogram. The price in Hubei area is about 5.1 RMB/kilogram, and the price in Anhui area is about 4.1 RMB/kilogram.

In 2019 May to October, China's total rapeseed imports amounted to 960,000 tons, with a significant decrease at 1.81 million tons or 65% year-on-year.

This week, rapeseed oil mainly fluctuated and vegetable oil prices were higher than soybean oil and palm oil. The market demand was not good. This week, rapeseed meal fluctuated and is mainly sideways. Rapeseed meal inventory was low, and aquaculture entered the off-season.

3. Market Forecasting

In summary, the rapeseed analysts of the business agency believe that domestic rapeseed prices may continue to be strong.

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