SunSirs: Rapeseed Prices was Rising in China
September 25 2023 14:20:06 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on September 14th was 6,568 RMB/ton, and on September 21st, the average market price of domestic rapeseed was 6,588 RMB/ton, with an increase of 0.30% during the period. Recently, the price of domestic rapeseed has slightly increased. As the Double Festival approaches, there has been an increase in market sales and an improvement in downstream consumption, but the main focus is on purchasing on demand. Recently, the market for rapeseed oil and rapeseed meal has declined, and the aquaculture of rapeseed meal has gradually entered the off-season; Rapeseed inventory is relatively high, which to some extent limits the upward space for rapeseed. It is expected that domestic rapeseed may experience a fluctuating and adjusting trend.
Vancouver, September 21st News: On Thursday, Canadian rapeseed futures on the Intercontinental Exchange (ICE) closed lower, with the benchmark period closing down about 1.50%. ICE rapeseed returned to its decline due to external market declines.
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