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SunSirs: Domestic Rapeseed Prices Rose in February
February 28 2022 14:10:08SunSirs(John)

Price trend

According to the understanding of SunSirs, the average price of domestic rapeseed on February 25 was 6,350 RMB/ton, and the average price of domestic rapeseed on February 1 was 6,190 RMB/ton, an increase of 2.58%.

Analysis review

According to the understanding of SunSirs, the price of domestic net rapeseed in Hubei was about 3.25 RMB/jin; the price of net rapeseed in Anhui was about 3.1 RMB/jin; the price of net rapeseed in Jiangsu was about 3.15 RMB/jin; the price of net rapeseed in Inner Mongolia was 3.1 RMB/jin; and the price of net rapeseed in Mianyang, Sichuan was about 3.6 RMB/jin. The supply of domestic aged rapeseed market is gradually decreasing, and the market is still acceptable, boosting the price of domestic rapeseed.

Market outlook

The supply of domestic aged rapeseed market is constantly decreasing, and the price of imported rapeseed is high. It is expected that the price of domestic rapeseed may rise.

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