According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of rapeseed meal on September 1st was 4,083 RMB/ton, and on September 25th, the average market price of rapeseed meal was 3,785 RMB/ton, with a decrease of 7.31% during the period.

Starting from September, the rapeseed meal market continued to decline, ending the upward trend in August. The import of rapeseed and rapeseed meal decreased in June and July, and the pressure on rapeseed meal supply weakened; Due to the improvement in rapeseed pressing profits, import enthusiasm is good. In August, both imported rapeseed and imported rapeseed meal increased significantly month on month, resulting in an increase in rapeseed meal supply; But as the weather cools and the aquaculture season gradually ends, the demand side's enthusiasm for purchasing rapeseed meal decreases, rigid demand weakens, and rapeseed meal inventory shows a rebound trend, suppressing the weakening of rapeseed meal market. Canadian rapeseed has entered the harvest period, and seasonal supply pressure has increased. The Canadian rapeseed futures market is weak. On Friday (September 22), the Canadian rapeseed futures on the Intercontinental Exchange (ICE) closed lower, with the benchmark period closing down about 0.45%, the second consecutive week of decline, which has put some pressure on the domestic rapeseed market.

In terms of soybean meal: According to the monitoring of the commodity market analysis system of SunSirs, the average market price of soybean meal on September 1 was 5,012 RMB/ton, and on September 25, the average market price of soybean meal was 4,572 RMB/ton, with a decrease of 8.78% during the period. The external market for American beans is weak, and the soybean meal market fluctuated and fell in September, dragging down the rapeseed meal market.

Aquaculture is gradually entering the off-season, and the rigid demand for rapeseed meal is weakening. It is expected that rapeseed meal will mainly operate with weak fluctuations.

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