SunSirs: Agri, Rapeseed Price Kept Stable (January 13-19)
January 21 2020 13:20:57 SunSirs (Daisy)
The national average price of rapeseed is 5,160 RMB/ton. The price is rather stable.
Product aspect, the price of domestic rapeseed in Yancheng, Jiangsu Province is about 5.08 RMB/kg. And the price in Hubei Province is about 5.16-5.2 RMB/kg. The price of it in Anhui Province is about 5.16-5.2 RMB/kg. Rapeseed market is basically stable.
In the next year, the domestic winter rapeseed production will reduce. At present, the inventory of rapeseed in Inner Mongolia is not much. The short supply of domestic rapeseed will benefit the price of rapeseed.
In the context of global rapeseed production reduction, the Ministry of Statistics in Canada estimates that its rapeseed production is only 18.6 million tons, which is more than 1.7 million tons less than that of the previous year, while the EU and Australia have reduced their rapeseed production to varying degrees.
Entering the small year of agriculture, the market of rapeseed meal and rapeseed oil is basically stable.
Rapeseed analysts predict that domestic rapeseed prices will maintain stable.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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