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SunSirs: Rapeseed Meal Prices Rose Slightly on February 20

February 24 2020 09:34:14     SunSirs (Daisy)

On February 20, the average price of east China rapeseed meal was RMB 2,280 / ton, up 0.29% compared with the previous day, according to SunSirs. 

On February 20, Jiangsu, Dubai 38% bulk meal in Nantong is 2230 RMB/ton. The price increased 10 RMB/ton over the previous day. Canadian bulk granule rapeseed meal in Nantong is 2260 RMB/ton. The price is 10 RMB/ton higher than the previous day. Fujian, Xiamen Zhonghe package rapeseed meal is 2250 RMB/ton, 10 RMB/ton higher than the previous day. Hunan, Canada bulk grain rapeseed in Yueyang is 2360 RMB/ton. The price is 10 RMB/ton higher than the day before. Shanghai, Canada bulk grain rapeseed in Shanghai is 2250 RMB/ton. The price is 10 RMB/ton higher than the previous day. 

In the week ended February 14, stocks of rapeseed in coastal areas stood at 22,000 tons, the lowest level in nearly five years, with low rapeseed stocks supporting rapeseed prices.

Affected by China-Canada relations, the total stocks of imported rapeseed in coastal areas reached 134,000 tons in the week ending February 14, down 77.72% year on year and at a historically low level. Current aquaculture is in low season and rapeseed meal demand is limited.

Market Forecasting: Rapeseed meal stocks are low. Aquaculture is in the traditional low season.  SunSirs rapeseed meal analysts expect that prices will adjust mainly.

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

 

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