SunSirs: Rapeseed Oil Prices in the Chinese Market Rose Slightly on January 4
January 05 2022 08:22:18 SunSirs (Linda)
The average domestic spot price of rapeseed oil on the 4th was 12,896 yuan/ton, a 0.2% increase from the price on December 31. The Canadian Department of Agriculture and Agri-Food in the latest December supply and demand report kept the rapeseed ending inventory forecast unchanged, still at 500,000 tons. The supply of rapeseed is tight, and the cost support is strong, forming a strong bottom support for the price of rapeseed. . The Spring Festival is approaching, boosting domestic oil consumption. The price of vegetable oil is currently high, and the market demand is average, with rigid demand mainly. Under the support of cost, it is expected that rapeseed oil may continue to run strongly.
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