01 Rapeseed

The national average price of rapeseed (net seed) in the third week (January 12-16, 2026) was 3.038 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, 3.10 yuan/jin. The rapeseed market situation in various regions this week is as follows:

Weekly Review:

The current rapeseed market is characterized by tight domestic supply but a sluggish trading atmosphere and slow circulation. Domestic rapeseed prices are fluctuating upwards at approximately 6250-6300 yuan/ton. Sales in the terminal market are slow, mainly driven by immediate restocking needs. Small batches of new season rapeseed from Russia and Kazakhstan have entered the market, easing domestic supply pressure.

It is expected that rapeseed prices will likely remain stable in the short term. Domestically, oil mill destocking supported rapeseed oil and rapeseed futures prices. However, the anticipated increase in long-term supply due to the thawing of trade relations between China and Canada is a foregone conclusion, becoming the core factor suppressing market prices. While Russian rapeseed is an important supplier to China, it will face competition from the more cost-effective Canadian rapeseed in the future. Overall, the domestic rapeseed market is expected to maintain a stable pattern with narrow price fluctuations in the short term. Future market developments will depend on the progress of Sino-Canadian trade relations, the arrival of Canadian rapeseed, and the pace of recovery in downstream demand.

02 Rapeseed Oil

In the third week (January 12-16, 2026), the national average price of grade 4 rapeseed oil was 9940 yuan/ton, a slight increase compared to 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. The main rapeseed oil contract (2605) closed at 9063 yuan/ton on Friday. Several factors influenced the rapeseed oil price trend this week: First, Australian rapeseed gradually arrived at ports and entered the crushing phase, and expectations of easing trade relations between China and Canada increased long-term supply pressure; second, domestic soybean oil spot prices were in a destocking cycle, coupled with tight supply at oil mills in some parts of South China, leading to a gradual upward shift in the price center; third, speculation surrounding US biodiesel policies intensified, the fundamentals of palm oil in producing countries improved, and confidence in the international edible oil market strengthened, boosting soybean oil prices and benefiting the edible oil market.

Domestically, the rise in rapeseed oil prices stemmed from spot inventory destocking and tight supply, but overall demand remained weak, limiting the potential for further price increases. Excessive optimism is not advisable. Coastal oil mills have depleted their rapeseed inventories and are operating at 0% capacity. Short-term demand has slightly rebounded due to pre-Chinese New Year stockpiling. However, the anticipated concentrated crushing of Australian rapeseed and the potential increase in imports due to easing trade tensions between China and Canada have led to lower oil prices and weak end-consumer demand. Long-term upward momentum is limited, and prices are susceptible to fluctuations in policy and supply.

03 Rapeseed Meal

The following are the reference prices for rapeseed meal in various regions for Week 3 (January 12-16, 2026):

Weekly Review:

This week, rapeseed meal prices fell, with the price of ordinary rapeseed meal in coastal areas decreasing by 55 yuan/ton compared to last week. On the supply side, low inventory and slow oil mill operation supported spot prices. However, the reopening of Sino-Canadian relations dragged down the rapeseed meal market. Soybean meal has a good substitution advantage, weakening expectations for rapeseed meal demand. The rapeseed meal market is in a situation of weak supply and demand. Overall, the long-term market is under pressure, with overall risks outweighing opportunities. Feed companies are advised to focus on purchasing only what they need and avoid the risk of price corrections.