SunSirs: The Price of China Rapeseed Meal has been Lowered
March 28 2024 11:02:49 SunSirs (Selena)
On the 25th, the spot price of rapeseed meal was 2,758 RMB/ton, a decrease of 2.7% from the previous trading day. On the 25th, both futures and spot prices of rapeseed meal fell, while Zheng rapeseed meal futures fell by 3.57%, dragging down the spot market. The expected increase in the number of imported rapeseed to Hong Kong from March to April has led to increased pressure on the supply of rapeseed meal. Aquaculture is in the off-season of demand; In addition, the spot price of soybean meal on the 25th fell by nearly 3% in a single day; In mid to late April, there will be a peak season for seafood demand, and it is expected that rapeseed meal will experience weak fluctuations in the short term.
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