SunSirs: Weakness and Decline in China Domestic Rapeseed Prices
April 26 2024 14:44:28 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of the SunSirs, the price of domestic rapeseed has recently declined weakly. On April 19th, the average market price of domestic rapeseed was 6,072 RMB/ton, and on April 25th, the average market price of domestic rapeseed was 5,996 RMB/ton, with a decrease of 1.25% in quotation during this period. There is not much surplus of domestically produced aged vegetable seeds, and traders are entering the clearance process. Downstream demand is in the off-season, and traders have a strong willingness to reduce prices and clear inventory. At present, new rapeseed is growing well, with increased expectations for high yields. Oil factories are purchasing passively, and it is expected that domestic rapeseed will remain stable after a weak decline.
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- 2024-04-23 SunSirs: China Domestic Rapeseed Prices Declined (April 15-19)
- 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
- 2024-03-28 SunSirs: Positive Support, China Domestic Rapeseed Rose in March
