01 Rapeseed

In the 17th week (April 21-April 25, 2025), the average price of rapeseed net seeds nationwide was 3.006 yuan/jin. The rapeseed price in Jiangsu was around 3.12 yuan/jin; the rapeseed price in Hunan was 2.90-3.00 yuan/jin, stable; the rapeseed price in Hubei was around 2.90-2.95 yuan/jin, rising; the rapeseed price in Sichuan was 3.10-3.15 yuan/jin, stable. The rapeseed market conditions in various regions this week are as follows:

Weekly Review:

This week, rapeseed prices in various parts of China fluctuated and adjusted within a narrow range, and ICE rapeseed prices continued to rise. Domestic rapeseed is in the off-season, and the supply is mainly for rigid demand, and the price changes are not large. The new season rapeseed is expected to be listed in mid-May. At present, there are few high-quality supplies in the market, the price is relatively firm, and traders are slow to sell goods. It is expected that domestic rapeseed will remain stable before the new season rapeseed is listed. The inventory of old rapeseed will decrease, and traders are waiting for the new rapeseed to be listed. Restock on demand, the sales are not fast, so the price of rapeseed may also fall. It is also necessary to pay more attention to the downstream demand of domestic rapeseed and the subsequent development of anti-dumping incidents.

In terms of international rapeseed, in the week of April 14-April 20, Canada's rapeseed exports decreased by 31.76% to 140,500 tons from the previous week (April 7-April 13 was 205,900 tons). So far in the 2024/25 season, Canada's canola exports have totaled 7.5224 million tonnes, up 72.33% from the same period last year.

02 Rapeseed oil

In the 17th week (April 21-April 25, 2025), the national average price of Grade 4 rapeseed oil is 9,578 yuan/ton, which is higher than last week. The reference prices of Grade 4 rapeseed oil in various regions are as follows:

Weekly Review:

In the futures market, rapeseed oil futures prices rose this week compared with last week, and the main rapeseed oil 2505 closed at 9506 yuan/ton on Friday. There are several reasons that affect the trend of rapeseed oil this week: First, the overall precipitation in the US soybean producing areas is good, which is conducive to the advancement of sowing, and the US bio-oil policy may boost the US soybean oil blending standard. The downstream inventory stocking demand continued before the May Day holiday, and the slow customs clearance of soybeans delayed the rhythm of supply increase, supporting the strengthening of US soybeans and benefiting the domestic oil market; second, rapeseed oil is affected by the import policy, and the purchase of ships in the future will decline significantly year-on-year, supporting the rapeseed oil market.

The fundamentals of rapeseed oil in the spot market are still strong in supply and weak in demand. The domestic rapeseed oil sales speed is not fast and the demand is weak. The supply of rapeseed oil and rapeseed is sufficient, the inventory of rapeseed oil is high, and the short-term supply is loose, which suppresses the rapeseed oil market.

It is expected that the price of rapeseed oil futures will fluctuate and adjust in the short term. The fundamentals of rapeseed oil are strong in supply and weak in demand, so rapeseed oil may still run weakly. Pay more attention to the relationship between China, Canada and the United States, as well as the arrival volume of rapeseed and rapeseed oil in the later period. Rapeseed oil also needs to be wary of repeated policy disturbances from China and Canada.

03 Rapeseed meal

The reference prices of rapeseed meal in various regions in Week 17 (April 21-April 25, 2025) are as follows:

Weekly Review: 

Rapeseed meal prices rose sharply this week. Canadian rapeseed supply is tight, and Canadian rapeseed prices have risen sharply, boosting the rapeseed meal market. Soybean meal supply is tight and prices have soared. Rapeseed meal is more cost-effective than soybean meal, which is good for the rapeseed meal market. On the supply side, rapeseed meal stocks have dropped significantly. On the demand side, as the temperature rises, aquaculture will gradually enter the peak season, which is good for the rapeseed meal market. It is expected that rapeseed meal prices will be stable in the short term, and may turn to volatile operation as soybean meal supply increases in the later period. Pay more attention to the soybean meal and rapeseed meal price difference and the trade relations between China, Canada and the United States in the later period.