SunSirs: China Domestic Rapeseed Saw a Slight Increase Last week (March 8-15)
March 19 2024 15:27:39 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of SunSirs, the price of domestic rapeseed increased slightly last week. On March 8th, the average market price of domestic rapeseed was 6,040 RMB/ton, and on March 14th, the average market price of domestic rapeseed was 6,080 RMB/ton, an increase of 0.66%. Recently, the market for downstream products such as rapeseed oil and rapeseed meal has risen, and the enthusiasm of oil factories to purchase rapeseed has increased. The demand for rapeseed has improved, which is a positive trend for the market. Affected by freezing rain and blizzard weather, there are expectations of reduced production of domestically produced new season rapeseed, supporting a slight increase in the market. In addition, as the supply of domestically produced rapeseed gradually decreases over time, the market is bullish. However, due to the impact of imported rapeseed, the upward adjustment space is hindered. In the short term, it is expected that the upward adjustment space for domestic rapeseed will be limited and stable.
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- 2024-04-15 SunSirs: China Domestic Rapeseed Prices Remain Stable Last week (4.7-4.12)
- 2024-04-09 SunSirs: China Actual Shipment of Imported Rapeseed was 330,600 tons during March 16-31, 2024
- 2024-04-09 SunSirs: CGC Data Shows that approximately 420,000 tons Rapeseed Delivered by Farmers as The Week Ending March 31st
