dhpoker| Why has the price of rapeseed oil and rapeseed meal increased sharply?
editor 2024-05-17 18:19:53 Nature 38
Source: grain and Oil Market report
New rapeseed is gradually on the market, but the quality and yield are worse than expected, which stimulates the steady rise of old rapeseed. Beans on the outer plate were out of profit, and the rising trend resumed, leading the price of oil meal in the inner disk to rise again. Rapeseed oil and rapeseed meal continue to rush after a pullback.
Following the listing of new rapeseed in Yunnan, Guizhou, Sichuan and Chongqing, Hubei rapeseed and Hunan also began to appear on the market one after another, but due to the severe influence of the early cold wave, the output and quality of new rapeseed were worse than expected, and worries about the supply of domestic rapeseed rose again, stimulating the steady rise in the price of old rapeseed, which is not much left. According to monitoring, as of May 13, the external loading price of Chen Jing rapeseed (oil 40%, moisture 9%) in Yancheng, Jiangsu Province is 3.Dhpoker.10 yuan / jin, up 0.05 yuan / jin from the previous weekDhpokerThe purchase price of crude rapeseed (40% oil, moisture 9%) in Taizhou, Jiangsu Province is 2.85 yuan / jin, up 0.05 yuan / jin, and the external loading price of net rapeseed is 3.10 yuan / jin, up 0.1 yuan / jin. The external loading price of net rapeseed (40% oil, 9% moisture) in Nantong, Jiangsu Province is 3.05 yuan / jin, up 0.05 yuan / jin. Anhui Hefei, Huainan area net rapeseed (oil 40%, moisture 9%) external loading price is 3.05 yuan / jin, an increase of 0.05 yuan / jin. The purchase price of Xinjing rapeseed in Sichuan area is 3.00 yuan / jin, and the purchase price of new rapeseed in Mianyang area of Sichuan Province (oil 39% 40%, moisture 9%) is 3.10 yuan / jin, stable; net rapeseed in Luoping area of Yunnan Province (35% 36% oil, moisture 9%) external loading price 2.83 yuan / jin, Yunnan Lincang area Xinjing rapeseed (oil 42% 43%, moisture 8%) external loading price 3.15 yuan / jin, all remained stable.
Last week, the United States Department of Agriculture reported bearish, but American beans rose instead of falling, leading Canadian rapeseed futures to continue to rise, raising the cost of rapeseed import in China. In addition, with the pick-up of temperature and the large-scale development of aquaculture, the domestic demand for rapeseed meal has increased significantly, the shipments of rapeseed meal from oil plants have been increasing, and the stock has been eliminated faster. The inventory pressure of the oil factory becomes smaller, and the quotation for rapeseed meal continues to be raised steadily. According to monitoring, as of May 13, the quotation range of rapeseed meal in the mainstream market was 2720 to 2860 yuan / ton, an increase of 40,60yuan / ton compared with the previous week. Among them, the spot mainstream price of rapeseed meal in Fujian market is 2860 yuan / ton, up 50 yuan / ton compared with the previous week; the spot mainstream price of powdered rapeseed meal in Guangxi market is 2720 yuan / ton, up 40 yuan / ton; the spot mainstream price of powdered rapeseed meal in Guangdong market is 2820 yuan / ton, up 40 yuan / ton; the spot mainstream price of granular rapeseed meal in Nantong market is 2840 yuan / ton, up 60 yuan / ton.
At present, Canadian rapeseed is in the sowing stage, early due to less rainfall in the main producing areas, once made the Canadian rapeseed futures price higher. The sowing of new US beans has been delayed, and weather worries continue to worsen. Although the USDA report is short this month, the market has digested the bad news, making the beans rise instead of falling after the report was released. At present, Canadian rapeseed is in a green period, and the number of rapeseed available for export is declining. The import of domestic rapeseed decreased in the later stage, and the output of rapeseed oil is expected to decline.
Encouraged by the rise in oil and oil futures on the outer disk, domestic rapeseed oil prices continued to rise. According to monitoring, as of May 13, the mainstream market quotation range of rapeseed oil was 8580 yuan / ton, rising 2100.260 yuan / ton compared with the previous week, in which the spot mainstream price of three vegetables in Fujian was 8650 yuan / ton, which rose by 240yuan / ton. The spot mainstream price of three dishes in Guangxi was 8580 yuan / ton, up 210yuan / ton, and that in Guangdong was 8650 yuan / ton, up 230yuan / ton. The mainstream spot price of three vegetables in Sichuan was 9030 yuan / ton, up 250 yuan / ton, the mainstream spot price of Maozhou vegetable in East China was 8760 yuan / ton, up 280yuan / ton, and that of non-transferable vegetables was 8800 yuan / ton, up 300 yuan / ton. the mainstream spot price of three dishes in East China was 8850 yuan / ton, up 230yuan / ton. (the original article was published on the third page of the grain and oil market newspaper on May 16, 2024)