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SunSirs: The Price of China Rapeseed Meal Rose Last Week (8.1-8.5)

August 09 2022 09:36:05     SunSirs (Selena)

According to the monitoring of SunSirs, the average market price of rapeseed meal on August 1 was 3,568 RMB/ ton, and the average market price of rapeseed meal on August 5 was 3,606 RMB/ ton, up 1.07%.

Last week, rapeseed meal fell first and then rose. On August 2, the price of rapeseed meal fell, and the initial growth of rapeseed crops in the Canadian prairie was generally good, which depressed the price of rapeseed. The tight supply and demand pattern of global rapeseed was expected to ease. In June, the import volume of rapeseed was relatively small, but the import volume of rapeseed meal was at a high level in the same period. The downstream delivery speed of rapeseed meal was slow, and the inventory was at a high level in the same period.

According to the data monitoring of SunSirs, the domestic soybean meal market price rose by 1.08% last week, boosting the spot price of rapeseed oil.

 

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