High Level of Oil Inventory Weakened Rapeseed Oil Market
By CnAgri2013-08-30 11:31:03
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Rapeseed Oil: rapeseed oil price remained stable this week. Oil inventories of state reserves went up, but consumption still went slack. Rapeseed oil spot market has price but no buyers. Domestic stock-releasing of rapeseed oil will be restarted in September, by when oil market shall be pressed. Meanwhile, low international palm oil price also dragged down of vegetable oil prices. In the medium and long term , rapeseed oil shall remain weak. (Figure 7)
From “China Oil and Oilseeds Market Weekly Report”
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