On 6 May, the state planned to sale rapeseed oil 50,368 tons rapeseed oil, with actual transaction of 14,583 tons, and close rate of 28.95%. Among that 2009 rapeseed oil 2,541 tons, without any transaction; 2010 rapeseed oil 47,827 tons, with close transaction and close rate of 14,583 tons and 30.49%, and the close price was 5800 Yuan/ton. This rapeseed oil transaction recovered related to the rising up of import rapeseed oil.
 
According to statistics in the past auction, the state totally put 472,000 tons rapeseed oil with transaction volume of 121,000 tons. It is predicted that in short – term rapeseed oil auction will not suspend. Based on the latest report temporary rapeseed still maintained about 50,000 tons.
 
As for new season rapeseed, it is predicted that rapeseed output may decline related to planting area falling down, whit about 10% yield dropping to 6.3 million tons. Moreover the new rapeseed may list in the middle of May. In 2015 the state will continue reserve but the price may decline. Thus in 2016 it is very possible to perform direct target subsidy.
 
As for other oilseeds, in the second quarter soybean arrival quantity increased largely, this will exceed 19 million tons. Furthermore the arrival quantity of import soybean oil and palm oil will also run up. Thus oilseed supply will become tense.
 
All in all, in short term rapeseed oil price will still be strong but is possible to decline slightly related to rapeseed oil auction, new list goods, and more soybean oil and palm oil supply. 






















From “China Oil and Oilseeds Market Weekly Report”