Price trend

According to the monitoring of SunSirs, the average domestic rapeseed market price was 6,860 RMB/ton on July 18, and the average domestic rapeseed market price was 6,840 RMB/ton on July 22, down 0.29%.

Analysis review

The price of domestic net rapeseed in Hubei was about 3.5 RMB/catties; the price in Anhui was about 3.45-3.5 RMB/catties; the price in Jiangsu was about 3.45 RMB/catties; the price of domestic net rapeseed in Hunan was about 3.5 RMB/catties; the price in Sichuan was 3.5 RMB/catties or so. This week, domestic rapeseed prices fell slightly to adjust. The purchase and sale of rapeseed entered the off-season, and farmers were reluctant to sell.

In terms of imported rapeseed, the planting area of Canadian seeds is expected to increase, and the early growth conditions are good, and the supply of added seeds is expected to increase. The output of other major rapeseed-producing countries such as Australia and India remained high, and the global rapeseed supply improved.

Market outlook

In the short term, domestic rapeseed will be mainly adjusted slightly.

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