SunSirs: China Domestic Rapeseed Market Remained Stable temporarily Last Week (January 1-5)
January 08 2024 13:57:50 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of SunSirs, the average market price of domestic rapeseed on January 1st was 6,332 RMB/ton, and on January 5th, the average market price of domestic rapeseed was 6,332 RMB/ton. During this period, the quotation was temporarily stable. The domestic rapeseed market remained stable last week. Due to the gradual decrease in market supply, traders have a serious mentality of price support. Last week, the market for rapeseed meal mainly declined, with rapeseed oil falling 2.83% and rapeseed meal falling 2.58%. 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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