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SunSirs: China Domestic Rapeseed Market was Weak Last Week (December 4-8)
December 11 2023 15:18:48SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the average market price of domestic rapeseed on December 4th was 6,416 RMB/ton, and on December 8th, the average market price of domestic rapeseed was 6,412 RMB/ton, a decrease of 0.06% during the period. The weak market of downstream rapeseed oil and rapeseed meal has dragged down the domestic rapeseed market, and prices have slightly declined under pressure. Traders follow the market and sell at low prices. In early December, spot prices of rapeseed oil decreased by 3.24% and spot prices of rapeseed meal decreased by 0.89%. It is expected that domestic rapeseed will remain stable, with limited downward space.

On December 7th, Canadian rapeseed futures on the Intercontinental Exchange (ICE) rose 2.6% on Thursday, ending a six day losing streak.


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