Rapeseed Oil Price to Remain Weak

By CnAgri2014-02-14 09:05:35 Print Rapeseed Oil: rapeseed oil price kept unchanged this week. During Spring Festival, basically no turnovers was noted in the market. Though Central Document No.1 has advocated to continue rapeseed reserves, which provides strong supports to domestic rapeseed in 2014, large amounts of rapeseed will be imported due to increase of protein meal consumption, which will no doubt increase supply of rapeseed oil. Therefore, BOABC predicts domestic rapeseed oil market shall remain current weak situation in short terms. (Figure 6)


From “China Oil and Oilseeds Market Weekly Report”