SunSirs: China Rapeseed Prices Fell Last Week (October 9-13)
October 17 2023 14:51:11 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on October 9th was 6,588 RMB/ton, and on October 13th, the average market price of domestic rapeseed was 6,520 RMB/ton, with a decrease of 1.03% during the period. After the holiday, domestic rapeseed prices remained weak and remained stable, with rapeseed meal and rapeseed oil prices falling, with rapeseed meal falling by 8.97% and rapeseed oil falling by 0.42%, dragging down the domestic rapeseed market. Downstream market transactions are relatively light, and traders tend to adopt a wait-and-see attitude with a strong willingness to stand up. It is expected that domestic rapeseed will remain stable.
Vancouver, October 12th News: On Thursday, Canadian rapeseed futures on the Intercontinental Exchange (ICE) closed higher, with the benchmark period closing up approximately 1.41%. As of the close, rapeseed futures rose between 2.1 CAD and 13.8 CAD, with the November period closing up approximately 9.9 CAD at 712.60 CAD/ton; The January period closed approximately 9.7 CAD higher at 717.20 CAD/ton; The March period closed approximately 8.1 Canadian dollars higher at 720.90 Canadian dollars per ton.
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