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SunSirs: China's Agricultural and Sideline Market Rapeseed Prices Fell in March
March 31 2021 09:20:08SunSirs(Linda)

1. Rapeseed market price trend

At the beginning of March, the average price of rapeseed was 6525 yuan/ton, and at the end of March, the average price of rapeseed was 6415 yuan/ton, and the quotation dropped by 1.69%.

2. Market Analysis

The domestic net rapeseed price in Hubei area is 3.25-3.3 yuan/kg; the price in Anhui area is 3.18-3.35 yuan/kg; Jiangsu area is 3-3.05 yuan/kg; Sichuan area offers 3.3-3.4 yuan/kg; Yunnan area offers 3.25 yuan/kg ; The Henan area offers 3.3 yuan/jin. There are not many domestic rapeseed markets, and traders generally sell the goods, so the rapeseed market is declining.

As of the most recent week, the cumulative export of Canadian rapeseed has increased by more than 30% year-on-year, and the crush has increased by more than 7%. The main support for international rapeseed prices is to maintain a firm operation. Rapeseed meal is in the start-up period of aquafeed, and the demand for rapeseed meal may increase in the later period. Affected by African swine fever, market demand for meal is weak. Statistics: As of the week of March 26, the stocks of rapeseed meal in Guangdong, Guangdong and Fujian increased to 72,000 tons, an increase of 12.5% ​​from last week. Rapeseed oil inventories are at a relatively low level during the same period, which mainly supports its high price operation.

3. Market outlook forecast

The new rapeseed is not yet on the market, and the supply of stale rapeseed is tight. Although the price is declining in the near future, SunSirs rapeseed analysts predict that the price may increase in the later period.

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

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