Currently, Brazil and Argentina are in the planting and growth stages of soybeans. Once the weather is not conducive to crop growth, the edible oil and oilseed market is prone to be boosted, and the rapeseed meal market will also follow the rise.
At present, aquaculture is in the off-season, and the demand for rapeseed meal has dropped to a standstill. However, rapeseed oil companies have not started production, and the supply in the domestic rapeseed meal market is still tight. After the Spring Festival, the temperature in China will rise, and the demand for rapeseed meal will gradually start. At that time, the rapeseed meal market will gradually welcome positive topics, and the price trend will surely be improved.
Domestic rapeseed and rapeseed meal supplies are tight, and since mid-December of last year, China has imported more rapeseed from Australia. According to preliminary statistics, China will import 300,000-400,000 tons of rapeseed in the first three months of this year. This expectation once suppressed the domestic rapeseed meal market. However, although Australian rapeseed has been gradually transported to China's port factories, the factories have not yet started pressing due to factors such as the off-season for rapeseed meal demand and equipment maintenance. Domestic rapeseed meal stocks have not yet accumulated, and most factories continue to maintain zero inventory.
Although Australian rapeseed will arrive in the coming months, the volume will still be limited. The import of Canadian rapeseed by China may be relaxed in the spring and summer seasons. However, even if the import of rapeseed is relaxed, Chinese companies are still worried about issues such as customs clearance. Moreover, the expected crushing profit is the key factor for companies to import.
At present, China is in winter, and the aquatic farming in all parts of the country has withdrawn from the market, and only a small amount of winter storage demand supports the transaction of rapeseed meal. However, the supply of rapeseed meal in coastal areas is also scarce, so the price of rapeseed meal has not shown a continuous downward trend, but has maintained an oscillating trend. A month later, the temperature in all parts of the country will rise, and the aquatic farming will gradually recover, and at that time, the demand for rapeseed meal will return to the market.
In addition, at present, Brazil and Argentina are in the planting and growth stages of soybeans. Once the weather is not conducive to crop growth, the edible oil and oilseed market is prone to be boosted, and the rapeseed meal market will also follow the rise. Therefore, in the coming period, the price center of rapeseed meal will gradually move up.
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