SunSirs: China Rapeseed Prices Rose in September
September 28 2023 13:29:52 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on September 1st was 6,480 RMB/ton, and on September 26th, the average market price of domestic rapeseed was 6,588 RMB/ton, with a growth rate of 1.67% during the period. Domestic rapeseed prices showed a slight upward trend in September. The holiday has boosted the market's sales volume, and downstream consumption has improved. Affected by the bullish sentiment in the market, traders are reluctant to sell. In September, the market for rapeseed meal declined, and the aquaculture of rapeseed meal gradually entered the off-season; Rapeseed inventory is relatively high, which to some extent limits the upward space for rapeseed. The dual stocking period has ended, and downstream procurement is mainly on demand, with a decrease in sales volume. It is expected that domestic rapeseed may be subject to fluctuations and adjustments.
Vancouver, September 25th News: On Monday, Canadian rapeseed futures on the Intercontinental Exchange (ICE) closed lower, marking the fifth decline in the past six trading days, with the benchmark period closing down approximately 1.54%.
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