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SunSirs: China Domestic Rapeseed Prices Remain Stable after the Spring Festival
February 23 2024 14:16:43SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the price of domestic rapeseed remained stable this week (2.18-2.22). On February 22, the average market price of domestic rapeseed was 6,020 RMB/ton, a decrease of 4.93% from early January. The supply of domestic rapeseed in the market is gradually decreasing, providing a certain bottom support for domestic rapeseed. Imported rapeseed has a higher cost-effectiveness, which is negative for the domestic rapeseed market. After the Spring Festival, rapeseed is in a low demand season, with relatively weak demand and low enthusiasm from traders to enter the market. The market is mainly based on rigid demand procurement, with limited demand boost, and domestic rapeseed prices remain stable. In the short term, it is expected to continue to be weak and stable.


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