SunSirs: Rapeseed Meal Prices Fell In Shock This Week (November 11-15)
November 18 2019 13:58:43 SunSirs (Eva)
1.Price Trend
According to the monitoring of SunSirs, the average price of rapeseed meal in East China at the beginning of the week was RMB 2246 yuan / ton, while the average price at the end of the week was RMB 2243 yuan / ton, down 0.15%.
2.Cause analysis
Rapeseed meal prices continued to tumble this week. According to the official website of the General Administration of Customs on November 14, the restrictions on the import of poultry meat in the United States allow the import of poultry meat in the United States that meet the requirements of Chinese laws and regulations. The domestic soybean meal spot futures are under pressure, which depresses the price of rapeseed meal. At present, the breeding profit is high and the market demand for rapeseed meal is favorable.
In terms of domestic rapeseed, the price of domestic rapeseed decreased and continued to rise slightly. The price of domestic rapeseed in Yancheng, Jiangsu Province was about RMB 2.58 yuan / Jin, that in Hubei Province was about RMB 2.55 yuan / Jin, and that in Anhui Province was about RMB 2.55 yuan / Jin. On the aspect of imported rapeseed: according to the prediction of relevant organizations, the total amount of rapeseed imports from October to December is only 400000 tons, and the same period of last year is 1.1 million tons, with a significant decrease compared with the same period of last year.
3.Market Forecast
At present, rapeseed meal inventory is tight, and rapeseed meal analysts of SunSirs expect that rapeseed meal downward space is limited.
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