The average price of rapeseed meal in east China last Friday was 2356 yuan/ton, and the average daily price in April 13 was 2396 yuan/ton, up 1.7%.

On April 13, Qingdao area, bulk granular meal, Qingdao was 2380 yuan/ton, the price is 40 yuan/ton higher than last Friday. Tianjin area, Canada bulk granular vegetable meal, was 2440 yuan/ton, the price is 10 yuan/ton higher than last Friday. Jiangsu region, Dubai bulk meal, Nantong was 2370 yuan/ton, the price is 10 yuan/ton higher than last Friday. Zhonggu Bilu was 2440 yuan/ton, the price is 20 yuan/ton higher than the previous day. Bulk granular vegetable meal, Nantong was 2340 yuan/ton, the price is 20 yuan/ton higher than last day. Rapeseed meal prices were boosted by low stocks and tight supplies.

Domestic rapeseed supply is tight, the price has an upward trend. As of April 3, the total inventory of imported rapeseed from China's coastal areas was 258,000 tons, down 59.69% from 640,000 tons in the same period last year and the lowest level in the same period of the previous year. The weather is gradually warming, aquaculture into the demand season, rapeseed meal demand may increase. Soybean meal market shock adjustment, rapeseed meal market price will focus on soybean meal trend.

Market Forecast: SunSirs rapeseed meal analysts expect that rapeseed meal will fluctuate to be low and prices to be volatile.

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