SunSirs: Domestic Rapeseed Operated weakly with a Narrow Range in December
December 29 2023 15:22:27 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of Shengyishe, the average market price of domestic rapeseed on December 1st was 6,408 RMB/ton, and on December 28th, the average market price of domestic rapeseed was 6,332 RMB/ton, with a price drop of 1.19% during the period. In December, domestic rapeseed operated weakly with a narrow range. Due to the gradual decrease in market supply, traders have a serious mentality of price support, but the quantity of imported rapeseed has gradually arrived at the port, suppressing the domestic rapeseed market. Traders follow the market and sell at low prices. In December, the rapeseed meal market experienced a narrow and weak fluctuation, with a decline of 1.44%, while the rapeseed oil market experienced a weak and volatile decline of 4.13%. As the end of the month approached, both rapeseed meal and rapeseed oil showed a slight upward trend. Downstream demand for domestically produced rapeseed is weak, supported by a gradual decrease in supply. It is expected that domestic rapeseed will remain stable.
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