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SunSirs: Agriculture, Rapeseed Meal Enter into Off-Season

January 15 2020 09:37:30     SunSirs (Daisy)

The average price of East China rapeseed meal on January 14 was 2,250 RMB / ton, which was 1.03% lower than last Friday.

Aquaculture enters the traditional off-season consumption period, suppressing the price of rapeseed meal. The amount of imported rapeseed is small. And the domestic rapeseed crushing reduced. The stock of rapeseed meal is at a low level. The stock of rapeseed meal in Guangdong, Guangxi and Fujian was 23,500 tons, and the contract of 69,000 tons was not implemented.

Under the influence of China-Canadian relations, the amount of imported rapeseed is relatively small. China imported 111,800 tons of rapeseed in November 2019, a year-on-year decrease of 72.18%. From January to November, imports of rapeseed reached 25.923 million tons, a decrease of 40.68% year-on-year.

In summary, analysts of the rapeseed meal of SunSirs predict that the rapeseed meal may fluctuate.

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