According to the monitoring of the commodity market analysis system of SunSirs, the domestic rapeseed prices remained stable last week. On May 13th, the average market price of domestic rapeseed was 6,028 RMB/ton, and on May 17th, the average market price of domestic rapeseed was 6,028 RMB/ton, with stable prices. At the beginning of May, new rapeseed was gradually released in small quantities. In the early stages of the new rapeseed launch, the quality did not meet expectations, and the market was cautious. After a slight increase in the price of old rapeseed, the quotation remained stable this week. Due to the cold wave weather affecting the rapeseed production areas in Hubei in the first quarter, rapeseed production has decreased, supporting the domestic rapeseed market. Recently, the quality of new rapeseed has improved. With a large number of new rapeseed being launched, there is not much surplus of old rapeseed, and market purchasing sentiment may improve. In the short term, it is expected that domestic rapeseed will have an upward trend.

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