01 Rapeseed

For week 52 (December 22-26, 2025), the national average price of rapeseed (net weight) was 3.035 yuan/jin.  Rapeseed prices in Anhui were 3.08-3.18 yuan/jin; in Hubei, 2.98 yuan/jin; in Jiangsu, around 3.15 yuan/jin; in Hunan, 3.10-3.15 yuan/jin; in Hubei, around 2.98 yuan/jin; and in Sichuan, around 3.10 yuan/jin. The rapeseed market situation in various regions this week is as follows:

Weekly Review:

This week, domestic rapeseed prices remained stable across various regions in China.  The overall pace of rapeseed sales was slow, and the supply of high-quality rapeseed tightened, keeping prices at a high level. The overall market sentiment was subdued, with downstream oil mills maintaining only essential replenishment and purchasing in small quantities. Coastal oil mills operated at low capacity, and prices remained generally stable. Regarding imported rapeseed, the global rapeseed harvest is confirmed to be abundant. Australian imported rapeseed has not yet entered the crushing process on a large scale, and the actual supply pressure in the market has not been fully released, leading to strong price support from traders.

It is expected that rapeseed prices will likely remain stable in the short term. Restrictions on Canadian rapeseed imports and low domestic rapeseed oil inventories provide price support, but the supply of high-quality rapeseed is limited, and demand for rapeseed is weakening. Further monitoring of the crushing pace of Australian rapeseed and actual arrival conditions is necessary.

02 Rapeseed Oil

Week 52 (December 22-26, 2025), the national average price of Grade 4 rapeseed oil was 9874 RMB/ton, a significant increase from the previous week.  Reference prices for Grade 4 rapeseed oil in various regions are as follows:

Weekly Review:

In the futures market, rapeseed oil futures prices rose slightly this week, with the main contract 2605 closing at 8744 RMB/ton on Friday. Several factors influenced rapeseed oil prices this week: Firstly, the arrival of Australian rapeseed at ports disrupted market sentiment due to expectations of marginal improvement in supply, but sampling and testing are still underway, and crushing may be delayed until next year. Domestic rapeseed oil is expected to continue its destocking trend. Secondly, the lack of guidance from soybean oil and palm oil led to price fluctuations.

Domestically, the increase in rapeseed oil prices stemmed from destocking in the spot market, but limited by weak overall demand, the upside potential for edible oils is limited, and excessive optimism is unwarranted. Currently, only COFCO is allowed to crush Australian rapeseed at coastal oil mills, resulting in weak rapeseed oil supply. The tight raw material situation for domestic oil mills is unlikely to fundamentally improve, supporting rapeseed oil prices. However, the diversification of imports, including Russian rapeseed and rapeseed oil, as well as abundant global rapeseed and canola harvests, are bearish factors for the rapeseed oil market. Rapeseed oil is expected to fluctuate and adjust in the short term, with the impact of positive market factors weakening, awaiting new guidance.

03 Rapeseed Meal

The following are the reference prices for rapeseed meal in various regions during Week 52 (December 22-26, 2025):

Weekly Review:

Rapeseed meal prices rose this week, with the price of ordinary rapeseed meal in coastal areas increasing by 90 yuan/ton compared to last week. From the supply side, most domestic coastal oil mills continued to be shut down, maintaining a tight supply situation; however, the record-breaking canola production in Canada has created expectations of ample global supply, exerting downward pressure on the domestic market. In terms of demand, rapeseed meal is in its seasonal off-season. The favorable price advantage of soybean meal as a substitute weakened the demand for rapeseed meal, resulting in a weak supply and demand situation for the rapeseed meal market. Overall, the market is currently operating in a balance between tight near-term supply and ample long-term supply, coupled with weak actual demand. Price fluctuations have narrowed, and future developments will depend on the progress of Australian canola arrivals and marginal changes in demand.