On 29 April State planned to sale rapeseed oil 50,387 tons, with close volume of 3876 tons and close rate of 7.69%. Among that 2009 rapeseed oil traded 2541 tons without any transaction; 2010 rapeseed traded 47,846 tons with transaction volume of 3876 tons and close rate of 8.1% and average transaction price of 5803 Yuan/ton.
 
Due to the low transaction volume in former, traders are not enthusiasm in participating in auction. According to statistics in the past auction, the state totally put 420,000 tons but the transaction was only 107,000 tons. It predicted that the auction will not stop in short times. Based on the latest auction report, temperate rapeseed oil will maintain put 50,000 tons.
 
In addition in 2015 rapeseed trade and list time will not in advance, and it will come into market in the middle of May. In 2015 the output of rapeseed declined by about 10% related to the decreasing of planting area. As for policy, in 2015 the government will continue reserve, but may be the last year. In 2016 it is possible to promote target subsidy.
 
All in all in short term rapeseed oil will continue weakness related to rapeseed auction, the large arrival quantity and other factors. 

















From “China Oil and Oilseeds Market Weekly Report”