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SunSirs: The Price of China Rapeseed Meal Increased on August 23


According to the monitoring of SunSirs, the average market spot price of rapeseed meal was 3,672 RMB/ ton, up 1.38% over the previous trading day and 19.09% year-on-year.

On August 23, the rapeseed meal rose, the spot price of soybean meal rose, and the spot price of rapeseed meal rose accordingly. Aquaculture is in the peak season, and the rigid demand for rapeseed meal is still there, boosting the price of rapeseed meal. The quantity of imported rapeseed is low, but the import of rapeseed meal is increased, and the inventory of coastal rapeseed meal is at a high level in the same period. The price of soybean meal is rising, and it is expected that the rapeseed meal is mainly operated with strong shock in China.