What is the price of rapeseed now? Forecast of rapeseed price trend in new season in 2022

Rapeseed is the seed of cruciferous crops. Rapeseed is a common oil crop in southern China, and it is also one of the crops that farmers like to grow. At present, the annual edible oil in many rural areas in the south is basically the oil squeezed from rapeseed grown by ourselves, which is rapeseed oil.

The main producing area of rape in China is located in the Yangtze River basin. In recent years, with the improvement of mechanization level, rape planting area has rebounded. Rapeseed has been harvested this year, and a large number of rapeseed in the new season are on the market. What is the price of rapeseed in 2022? Let's take a look at the latest price trend analysis of rapeseed in the new season.

What is the price of rapeseed now?

Hubei: The wholesale price of rapeseed in Xiantao City, Hubei Province is 3.38 yuan/kg, honghu city City, Jingzhou City, Hubei Province is 3.42 yuan/kg, dangyang city City, Yichang City, Hubei Province is 3.02 yuan/kg, and Xiangzhou District, Xiangyang City, Hubei Province is 3.33 yuan/kg.

Yunnan: The wholesale price of rapeseed in Funing County, Wenshan Zhuang and Miao Autonomous Prefecture, Yunnan Province is 3.3 yuan/kg, the wholesale price of rapeseed in Luoping County, Qujing City, Yunnan Province is 3.25 yuan/kg, and the wholesale price of rapeseed in shizong county, Qujing City, Yunnan Province is 3.6 yuan/kg.

Shaanxi: The wholesale price of rapeseed in Yangxian County, Hanzhong City, Shaanxi Province is 3.3 yuan/kg, Xunyang City, Ankang City, Shaanxi Province is 3.35 yuan/kg, and 3 yuan City, Binzhou City, Xianyang City, Shaanxi Province is/kg.

Anhui: The wholesale price of rapeseed in susong county, Anqing City, Anhui Province is 3.47 yuan/kg, 3.6 yuan, Qiaocheng District, Bozhou City, Anhui Province, and 3.3 yuan, Lujiang County, Hefei City, Anhui Province.

Jiangsu: The wholesale price of rapeseed in Haimen District, Nantong City, Jiangsu Province is 3.25 yuan/kg, that in Gaoyou City, Yangzhou City, Jiangsu Province is 3.4 yuan/kg, that in xinghua city City, Taizhou City, Jiangsu Province is 3.3 yuan/kg, and that in Funing County, Yancheng City, Jiangsu Province is 3.22 yuan/kg.

Gansu: The wholesale price of rapeseed in Xiahe County, Gannan Tibetan Autonomous Prefecture, Gansu Province is 3.8 yuan/kg, the wholesale price of rapeseed in zhenyuan county, Qingyang City, Gansu Province is 3.5 yuan/kg, and the wholesale price of rapeseed in Xifeng District, Qingyang City, Gansu Province is 2.9 yuan/kg.

Sichuan: The wholesale price of rapeseed in Gaoping District, Nanchong City, Sichuan Province is 3.45 yuan/kg, that of rapeseed in jianyang city, Chengdu City, Sichuan Province is 3.6 yuan/kg, that of rapeseed in Tongjiang County, Bazhong City, Sichuan Province is 3.4 yuan/kg, and that of rapeseed in jiangyou city, Mianyang City, Sichuan Province is 3.55 yuan/kg.

Guizhou: The wholesale price of rapeseed in Puding County, Anshun City, Guizhou Province is 3.25 yuan/kg, that of rapeseed in duyun city, Qiannan Buyi and Miao Autonomous Prefecture is 3.3 yuan/kg, that of rapeseed in Liping County, Qiandongnan Miao and Dong Autonomous Prefecture is 3.5 yuan/kg, and that of rapeseed in Pingtang County, Qiannan Buyi and Miao Autonomous Prefecture is 3.45 yuan/kg.

Hunan: The wholesale price of rapeseed in Zhuhui District, Hengyang City, Hunan Province is 3.8 yuan/kg, and the wholesale price of rapeseed in Taoyuan County, Changde City, Hunan Province is 3.6 yuan/kg.

Note: The price of rapeseed is affected by the origin, quality, oil content, moisture and other factors. This price comes from the wholesale price supplied by Huinong. Com, for reference only!

Forecast of the latest price trend of rapeseed in 2022

In 2022, the new season rapeseed was harvested and listed. Due to the rainy weather in the southwest in the early stage, the supply of new rapeseed decreased, which made it difficult to meet the market demand, leading to higher prices.

The purchase price of rapeseed in this new season is 3. 10-3.20 yuan/kg, higher than last year's 2.8-2.9 yuan/kg. The price of new rapeseed in Hubei, Hunan, Yunnan, Anhui and other places has basically remained at around 3.35 yuan/kg in the near future.

There are two reasons for the uncertainty of rapeseed price in the next new season:

1, China lifted the three-year ban on Canadian rapeseed.

On May 18, Canada's Minister of Trade and Minister of Agriculture said that China resumed Canada's rapeseed import license, which meant that the three-year ban was lifted.

Canada is the largest producer of rapeseed in the world, and China is one of the major importers of rapeseed in Canada.

According to customs data, from June 5438 to April 2022, the total import of rapeseed was 400,000 tons. Judging from the import data, due to the continuous shortage of international old rapeseed supply, domestic rapeseed imports have decreased, and prices have continuously broken through record highs. However, if Canadian rapeseed imports increase in the future, it will have an impact on domestic rapeseed prices.

2. High yield of rapeseed in China is in sight.

At present, new seeds are basically harvested and listed in various regions of China. Following the listing of rapeseed in Yunnan and Sichuan, rapeseed in Hubei, Anhui, Jiangsu and other places will be harvested and listed one after another, and the short-term rapeseed supply in the domestic market will gradually increase.

This year, the domestic rape planting area has increased, and the output has increased compared with last year. The national rapeseed output is estimated at about 3.5 million tons. On the whole, the domestic rapeseed supply side will be relatively stable this year.

The above is the price analysis of rapeseed in 2022. The price of rapeseed is generally determined by market supply and demand. Because the supply of imported rapeseed was at a low level before the fourth quarter, the listing price of rapeseed in the new season has increased. In the short term, as oil plants continue to buy new rapeseed, there is still room for market prices to rise.

However, in the long run, with the large number of new rapeseed on the market, the rapeseed imports from Canada and Russia will be relaxed, the tight supply of rapeseed will be alleviated, and the upward trend will gradually slow down and return to a stable situation.

The current price of rapeseed is ok, so it is recommended to sell it at the right time.