SunSirs--China Commodity Data Group

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SunSirs: Rapeseed Price Rose Slightly On March 23

March 25 2020 09:39:16     SunSirs (Daisy)

On March 23, the average price of domestic rapeseed quoted 5,175 RMB/ton, and the average price of last week quoted 5,205 RMB/ton, up 0.58%.

Products: The price of domestic rapeseed in Yancheng, Jiangsu is 2.54-2.56 RMB/kg, and the price in Hubei is 2.58-2.6 RMB/kg, and the price in Anhui is 2.62-2.65 RMB/kg. Domestic rapeseed prices go up slightly. The new epidemic situation in China recovered slowly, and the downstream enterprises started to work one after another. At present domestic rapeseed supply is tight, supporting domestic rapeseed prices.

At present, domestic rapeseed is in a period of shortage, and the quantity of domestic rapeseed is relatively small, which supports the price of domestic rapeseed. At present, with the approaching of warmer weather, although there is a low recovery in aquaculture, rapeseed meal market may increase. The raw material imports rapeseed source is less, and rapeseed meal inventory is low, supporting the price of rapeseed meal.

Import: Russia exported 85,000 tons of rapeseed oil to China in 2018, surging to 185,900 tons in 2019, and is expected to continue to grow this year.

Market Forecast: SunSirs rapeseed analysts expect that domestic rapeseed prices will be relatively strong operation.

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