SunSirs: The Price of Domestic Rapeseed oil Rose on October 13
October 14 2022 10:12:35 SunSirs (Selena)
According to the monitoring data of the business community, the average market price of rapeseed oil on October 13 was 13,842 RMB/ ton, 1.33% higher than the previous trading day, and 3.27% higher than that before the National Day. State rapeseed oil futures rose 1.4% on the 13th. USDA lowered its estimate of US soybean production, which was good for the increase of spot price of rapeseed oil. At the same time, the spot price of rapeseed oil was tight, supporting the price of rapeseed oil; The domestic epidemic situation is repeated, and the demand for oil is limited. A large number of rapeseed arrived in Hong Kong in the middle and late October, and the supply of rapeseed oil has eased. In the short term, the trend of rapeseed oil is expected to be strong in China.
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