According to the Commodity Market Analysis System of SunSirs, the average market price of rapeseed meal on March 20th was 2,708 RMB/ton, and on March 26th it was 2,604 RMB/ton, a decrease of 3.84%.

Starting from March 1st, a 5.9% anti-dumping duty will be imposed on seeds, restoring the profit margin of crushing and strengthening the import cost. In the early stage, rapeseed has gradually arrived at the port, and the operating rate is expected to rebound after April. The long-term supply pressure is expected to increase, and the spot supply of rapeseed meal is gradually easing.

Aquaculture is in the off-season, and the demand for rapeseed meal for feed is relatively weak; The demand for protein meal replacement in livestock and poultry farming has not significantly increased. Downstream procurement is mainly based on on-demand purchase, with a strong wait-and-see attitude.

In the short term, if the loose supply pattern remains unchanged and demand does not show a significant rebound, the price of rapeseed meal may remain weak.

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