SunSirs: The Price of Rapeseed Meal Increased Last Week (June 2-8)
June 12 2023 15:13:19 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of rapeseed meal on June 2 was 3,278 RMB/ton, and on June 8, the average market price of rapeseed meal was 3,316 RMB/ton, with an increase of 1.17% during the period.
Last week, rapeseed meal was mainly strong, with prices rising. A large number of domestically produced rapeseed have been launched, increasing the supply of domestic rapeseed meal. In the early stage, the quantity of imported rapeseed was sufficient, the operating rate of oil plants remained high, and the supply of rapeseed meal increased. Aquaculture has entered the peak demand season, and the demand for rapeseed meal is gradually increasing, which is beneficial for the upward trend of rapeseed meal prices.
In terms of soybean meal: According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of soybean meal on June 2 was 3,754 RMB/ton, and on June 8, the average market price of soybean meal was 3,810 RMB/ton, with a rise rate of 1.49% during the period. This week, soybean meal rose first and then fell. At the beginning of the week, the import cost of American beans boosted the domestic meal price, and the price of rapeseed meal increased significantly.
At the weekend, soybean meal prices fell, limiting the potential for rapeseed meal growth. However, aquaculture was in the peak season, and demand for rapeseed meal was optimistic. It is expected that rapeseed meal will mainly fluctuate and rise in China, but the upward space is limited.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-19 SunSirs: Insufficient Support, China Rapeseed Meal Rose first and then Fell
- 2024-04-15 SunSirs: China Rapeseed Meal Fluctuated narrowly Last Week (April 7-12)
- 2024-04-07 SunSirs: China Rapeseed Meal Market Rebounded weakly, Falling by over 8% in the First Quarter of 2024
- 2024-03-28 SunSirs: The Price of China Rapeseed Meal has been Lowered
- 2024-03-22 SunSirs: Positive Support, China Rapeseed Meal Continues to Rise
