Temporary Storage Rapeseed Oil Sale Price down 62 RMB/ton

By CnAgri2017-03-21 09:28:50 Print

On March 8, the government planned to sell 99,959 tons of temporary storage rape-oil which were sold out all, the average price at 6,271 RMB/ton, sharply down 206 RMB/ton from last week.

Since October 22, totally 2.08 million tons of temporary storage rapeseed oil had been sold and approximately 1.25 million tons had been removed from the storage but the actual amount of terminal consumption was around 550,000 tons. The temporary storage rapeseed oil auctions will be suspended starting from next week.