Price Trends of Soybean Oil and Rapeseed Oil

By CnAgri2013-05-29 11:57:55 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 kept stable this week. Rapeseed is reaped and purchased consecutively in major production areas and the supply shall increase intensively. With the general weak oil market trend, rapeseed oil also faced downward pressure. (Figure 7)

      

From “China Oil and Oilseeds Market Weekly Report”