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SunSirs: Rapeseed oil prices rose last week

April 18 2022 08:46:25     

According to the monitoring of SunSirs, the average price of Rapeseed oil market was 13962 RMB/ton on April 15 and 13626 RMB/ton on April 11, up 2.47%.

Rapeseed oil prices rose this week. MPOB monthly report and USDA monthly report were more neutral, and the oil was boosted. The import volume of rapeseed and rapeseed oil decreased year-on-year, mainly supporting the high operation of rapeseed oil prices. The demand for oil is in the off-season, but the price of Rapeseed oil is at an all-time high, which limits the market demand of Rapeseed oil. Under the reduction of rapeseed production and the conflict between Russia and Ukraine, the global rapeseed supply is tight and the cost of imported rapeseed is high. It is expected that the price of rapeseed oil will continue to fluctuate strongly.

According to the monitoring of SunSirs, the average price of domestic rapeseed was 6480 RMB/ton on April 15. The price of domestic rapeseed is relatively strong and fluctuates. The tight supply of old rapeseed market supports the price of domestic rapeseed. The logistics in many places are blocked, and the goods in the market are general. The new rapeseed is expected to be listed in mid and late May. It is expected that the price of domestic rapeseed may be dominated by strong operation.

According to the monitoring of SunSirs, palm oil rose by 6.52% and soybean oil rose by 3.74% this week.

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