The average domestic rapeseed offer this week was 5,160 RMB / ton, which was unchanged from last Friday's offer.

Product aspect, this week, the domestic rapeseed price in Yancheng area of Jiangsu is about 5.08 RMB / kg, the price in Hubei is 5.06-5.2 RMB / kg, and the Anhui area is about 5.16-5.2 RMB / kg. Traders' quotes are basically stable.

In the coming year, domestic rapeseed production will be reduced. At present, there is not much rapeseed stock in Inner Mongolia, and domestic rapeseed supply is limited, which will support domestic prices of rapeseed.

Under the influence of China-Canada relations, the number of imported rapeseeds decreased. From January to November, imported rapeseed reached 25.923 million tons in Hong Kong, a year-on-year decrease of 40.68%. The domestic rapeseed crush has decreased year-on-year. Since June 2019, the imported rapeseed crush has been 1.294 million tons, a 57.7% decrease compared to the same period last year. Boosted by the favorable oil, rapeseed oil prices are mainly on the strong side; under the influence of demand season, rapeseed meal is weak.

Affected by the holiday effect, the rapeseed analyst of SunSirs predicts that domestic rapeseed prices may be on the strong side.

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