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Rapeseed Oil Market Weakens Amid Global Economic Pressures

by Daisy

On July 11, the international rapeseed oil market continued to be sluggish. Affected by the significant drop in Canadian rapeseed prices, the domestic rapeseed oil production cost fell and the market further weakened. According to Zhuochuang Information, as of 10:00 on July 11, the average price of domestic imported grade 3 rapeseed oil was 8,396 yuan/ton, down 0.12% from the previous trading day.

As international oil prices continued to be sluggish, the oversupply situation in the domestic rapeseed oil market intensified. Analysts predict that domestic rapeseed oil prices may fall further in the short term.

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