The average price of rapeseed oil was 8,192 yuan per ton on February 25, down 0.64% from the previous day, according to SunSirs. 

The price in Chengdu, Sichuan province is 8,420 yuan/ton. The price in Guangxi province is 8,100 yuan/ton, and the price in Dongguan, Guangdong province is 8,150 yuan/ton. Current rapeseed oil inventory is still low, and rapeseed oil trend slightly stronger than soybean oil.

At present, domestic rapeseed is in bad period. The next year domestic rapeseed production decrease has become a foregone conclusion, supporting domestic rapeseed prices. Under the influence of China-Canada relations, the total stocks of imported rapeseed in coastal areas reached 134,000 tons in the week ending February 14, down 77.72% year on year and at a historically low level. Schools are not yet opening. Businesses are starting late and demand for rapeseed oil is weakening.

Market forecasting aspect, in summary, SunSirs rapeseed oil analysts expect that rapeseed oil will be weak to run mainly in the short term. 

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