Soybean Oil and Rapeseed Oil Prices

By CnAgri2013-05-23 10:48:44 Print Soybean Oil: Soybean oil price increased slightly this week. Domestic soybean oil stock exceeded 900000MT.  In addition, palm oil, rapeseed oil and other vegetable oil take up great market share. With arrival of South American soybean in May and June intensively, domestic oil market will keep the trend of oversupplying. It is predicted soybean oil price shall go down in short terms. (Figure 6 and Figure 7)
 
Rapeseed Oil: rapeseed oil price declined slightly this week. New rapeseed will come in May. Rapeseed oil price kept strong supported by national purchase and storage policy. But it is predicted rapeseed oil price stay stable with weakness influenced by low imported price. (Figure 7)

       

From “China Oil and Oilseeds Market Weekly Report”