According to monitoring data from SunSirs, the average price of rapeseed oil spot market on December 15th was 9,886 RMB/ton, and on December 19th, the average price of rapeseed oil spot market was 9,391 RMB/ton, with a price drop of 5.11% during this period.

Last week, rapeseed oil prices continued to decline weakly. Under the global pattern of high rapeseed yields, the international rapeseed market has weakened, suppressing the decline of domestic rapeseed oil spot prices. Australian rapeseed imports are gradually arriving at the port and oil factories are gradually entering the pressing stage, so the supply of rapeseed oil is expected to be loose. Some companies are inquiring about Canadian rapeseed in the future, and there is an expected increase in the supply of rapeseed oil in the future. International crude oil has fluctuated and weakened, dragging down the oil and fat market. There are many negative factors, and it is expected that rapeseed oil will mainly operate weakly.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.