Soybean Oil Price to Rebound and Rapeseed Oil Keep Weak

By CnAgri2013-08-22 10:49:07 Print Soybean Oil: Soybean oil price decreased this week. Growth rate of soybean oil stocks in ports narrowed gradually and soybean arrivals will decrease in August and September compared with July, which helps relieve supply pressure. In middle and late August, some food enterprises will purchase feed oil to make preparation for Mid-autumn Day and National Day and feed oil consumption is predicted to increase. The USDA supply and demand report in August brought favorable effects to soybean market. But the loose supply and demand condition saw no improvement and inventory consumption ration rose slightly again. It is predicted space for soybean oil rebound is limited. (Figure 6 and Figure 7)
 
Rapeseed Oil: rapeseed oil price increased this week. Oil inventories of state reserves went up, but consumption still went slack. Rapeseed oil spot market has price but no buyers. Rapeseed oil price is predicted to increase slightly in short terms but shall continue with the weak trend in the medium and long term. (Figure 7)

   

From “China Oil and Oilseeds Market Weekly Report”