Rapeseed Oil Market Forecast to Fluctuate Narrowly
By CnAgri2013-12-04 09:37:07
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Rapeseed Oil: rapeseed oil price remained stable this week. The market turnovers went flat. Rapeseed arrival in the fourth quarter is predicted to exceed 1.35 million MT, by when operating rate in ports shall increase, rapeseed oil supply shall rise and manufacturers’ desire of delivering shall intensify, all of which weigh on domestic rapeseed oil market. Nevertheless, with coming of stocking period for Spring Festival, domestic rapeseed oil market to some extent gets support. Therefore, BOABC predicts domestic rapeseed oil market shall fluctuate narrowly and price shall see no great change in short terms. (Figure 6)
From “China Oil and Oilseeds Market Weekly Report”
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