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SunSirs: Weak Demand for Rapeseed Meal Make Prices Fall Slightly

February 26 2020 09:02:46     SunSirs (Daisy)

On February 25, the average price of east China rapeseed meal was RMB 2,280 / ton, down 0.15% compared with the previous day, according to SunSirs. 

On 25 February, Jiangsu, Dubai 38% bulk meal, in Nantong is 2280 yuan/ton (package +50). The price is the same as the previous day. 

Zhongg Bilu is 2330 yuan/ton (pick up the goods on 26th). The price is flat compared with last time. Fujian, Xiamen Zhonghe package rapeseed meal is 2210 yuan/ton, down 10 yuan/ton from the previous day. 

Hunan, Canada bulk grain rapeseed, Yueyang is 2320 yuan/ton. The price is 20 yuan/ton lower than the previous day. 

Shanghai, Canada bulk grain rapeseed, Shanghai is 2220 yuan/ton, same as the previous day. 

The quantity of imported rapeseed is small, and the domestic rapeseed meal inventory is low, which limits the space for rapeseed meal to fall.

Overall, domestic rapeseed is in a period of bad time, supporting domestic rapeseed prices. Aquaculture is a slow season and due to the impact of the outbreak of COVID-19. The market is not easy to move, dragging down the prices of rapeseed.

Market forecasting aspect, soybean meal prices weak, dragging down the market. SunSirs rapeseed meal analysts expect that the rapeseed meal prices will be weakly adjusted. 

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