SunSirs: Agriculture, The Price of Rapeseed is Stable This Week (December 23-27)
December 30 2019 10:10:53 SunSirs (Daisy)
1. Price Trend
As per data from SunSirs, the average domestic rapeseed price this week was 5,120 RMB / ton, and the offer is temporarily stable.
2. Market Analysis （See historical analysis）
Products: This week, the domestic rapeseed price in Yancheng, Jiangsu was around 5.08 RMB / kg, the price in Hubei was around 5.1 RMB / kg, and the price in Anhui was around 5.14-5.2 RMB / kg.
There has been a slight decline in the prices of traders recently. The reduction of domestic rapeseed production in the coming year is a foregone conclusion. And there is not much rapeseed stock in Inner Mongolia, which will support domestic rapeseed prices. Meanwhile, with the holiday coming, stockings are pervasive, which boosts rapeseed prices.
Affected by the China-Canadian relationship, the number of imported rapeseed has decreased. At present, the imported rapeseed inventory in the port area is about 190,000 tons, compared with 440,000 tons in the same period last year.
The price of rapeseed oil this week is mainly trending, mainly driven by higher palm oil and soybean oil prices. Rapeseed meal mainly fluctuated in a narrow range this week with the approach of winter showing aquaculture entering the traditional off-season.
3. Market Forecasting
SunSirs rapeseed analysts believe that domestic rapeseed prices may continue to fluctuate.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-15 SunSirs: China Domestic Rapeseed Prices Remain Stable Last week (4.7-4.12)
- 2024-04-09 SunSirs: China Actual Shipment of Imported Rapeseed was 330,600 tons during March 16-31, 2024
- 2024-04-09 SunSirs: CGC Data Shows that approximately 420,000 tons Rapeseed Delivered by Farmers as The Week Ending March 31st
- 2024-03-28 SunSirs: Positive Support, China Domestic Rapeseed Rose in March
- 2024-03-22 SunSirs: China Domestic Rapeseed slightly Increased
