According to the monitoring of SunSirs, the average market price of domestic rapeseed was 7,140 RMB/ton on December 5, and 7,172 RMB/ton on December 9, with an increase of 0.45% during the period, 1.99% higher than that on November 1.

The price of domestic net rapeseed in Hubei is about 3.65-3.68 yuan/jin; The quotation in Anhui is about 3.68 RMB/500g; About 3.65 RMB/500g in Jiangsu; The quotation in Sichuan is about 3.8 RMB/500g. The quotation in Inner Mongolia is about 3.30 RMB/500g. The supply of domestic rapeseed gradually decreased, supporting the price rise of domestic rapeseed. Recently, the domestic epidemic policy has been relaxed, the circulation of rapeseed in the production and marketing areas has improved, and the New Year's Spring Festival stock is approaching, which is good for the rapeseed market. In terms of imported rapeseed: Statistics Canada estimates that the output of Canadian rapeseed in 2022/2023 will be 18.17 million tons, lower than the 19.1 million tons previously predicted, which is good for the market.

Vancouver, December 8, news: On Thursday, the Canadian canola futures on the Intercontinental Exchange (ICE) closed higher, with the benchmark period closing up about 1%, following the rising trend of the external market. By the end of the day, the January session had ended up about $11.60, closing at $875.20/ton; The March delivery ended up about $8.70 to close at $861.10/ton; The May session ended up approximately $7.50 to close at $861.30/ton.

Recently, market confidence has recovered, oil plants are active in purchasing, China domestic rapeseed supply is tight, and is expected to be strong.

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