SunSirs: China Domestic Rapeseed Prices Remains Stablein October
October 31 2023 14:40:40 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on October 23 was 6,540 RMB/ton, and on October 27, the average market price of domestic rapeseed was 6,528 RMB/ton, a decrease of 0.18% during the period. Domestic rapeseed prices have slightly declined this week. In order to facilitate transaction, market prices have declined. The downstream market is mainly focused on hard demand procurement, with average market demand. Spring rapeseed is available in large quantities. This week, the market for rapeseed meal fluctuated within a narrow range, and during the off-season of aquaculture, the market for rapeseed meal was not good. This week's rapeseed oil market has declined, with an increase in the quantity of imported rapeseed in mid to late October and November, increasing pressure on rapeseed oil supply. The market for rapeseed meal and oil is weak, suppressing the rapeseed market. Traders often hold a wait-and-see attitude and have a strong willingness to stand up for prices. It is expected that domestic rapeseed will remain stable.
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