SunSirs: China Rapeseed Meal Spot Increased slightly on December 6
December 07 2022 14:10:24 SunSirs (Selena)
The average market price of rapeseed meal spot price was 3,520 RMB/ton, up 0.28% and 24.56% year on year compared with the previous trading day. Statistics Canada estimates that Canada's rapeseed output in 2022/2023 will be 18.17 million tons, lower than the 19.1 million tons previously predicted, which is good for the seed market. On December 6, Zhengzhou rapeseed meal rose 1.48%, and the spot rapeseed meal increased slightly. A large number of domestic rapeseed imports have arrived in Hong Kong, increasing the supply of rapeseed meal. Aquaculture entered the off-season, and the demand for rapeseed meal weakened.
Rapeseed meal supply increases and demand decreases. China rapeseed meal is expected to operate mainly in a weak vibration.
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