SunSirs: Domestic Rapeseed Prices Fell (March 6-10)
March 14 2023 14:31:20 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average market price of domestic rapeseed was 7,372 RMB/ton on March 6 and 7,360 RMB/ton on March 10. During the period, the price fell 0.16%, and 0.54% lower than that on March 1.
Analysis review
The supply of domestic rapeseed market was gradually decreasing, which formed a bottom support for the price of rapeseed. Recently, the enthusiasm of downstream procurement had slowed down, the market demand was weak, the traders shipment were slow, and the quotations had been lowered.
Market outlook
The new season of rapeseed is expected to be listed in May and June. The rapeseed analysts of SunSirs predict that domestic rapeseed will be mainly weaker in the short term, with limited falling space.
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- 2024-04-09 SunSirs: China Actual Shipment of Imported Rapeseed was 330,600 tons during March 16-31, 2024
- 2024-04-09 SunSirs: CGC Data Shows that approximately 420,000 tons Rapeseed Delivered by Farmers as The Week Ending March 31st
- 2024-03-28 SunSirs: Positive Support, China Domestic Rapeseed Rose in March
