1. Driven by market demand, the price of domestic rapeseed continues to rise slowly, which makes the oil price of edible plants rise to varying degrees.
As soon as the new season rapeseed went on the market, it was driven by the consumption demand in the downstream market, and the consumption of rapeseed continued to rise, and the price remained at a high price. At the end of the month, the price of rapeseed entering the factory in Hubei was 3.07 yuan per catty, up 2.9% year-on-year; When the new-season plant peanuts went on the market, the new-season peanut market was generally weak because many oil mills had not yet started to buy a large number of new-season peanuts, and farmers were reluctant to sell them at low prices. In late November, the demand for replenishment in some oil plants increased, which led to a small increase in the price of peanuts in the new season.
2. The international rapeseed price continues to rise, and the price of edible vegetable oil is also expected to rise.
Due to the correction of international crude oil prices, the price of soybean oil has continued to rise; There are some varieties of vegetable oil that have not increased production as expected this month. For example, the increase ratio of palm oil in Malaysia decreased by 3.35%, which reduced the supply of palm oil and increased the price. In October, the export price of 24-degree palm oil was about 13 14.8 USD per ton, up by more than 10 percentage point year-on-year and quarter-on-quarter.
3. Domestic and international oil prices continue to be high.
In terms of oil, due to the increase of public consumption demand and the shortage of international rapeseed supply, the price of domestic rapeseed in China has remained at a high price. The new season peanuts in Shandong, Hebei, Henan and other regions continue to be listed, and the supply in the market is still sufficient in the short term. From the current point of view, buyers are still waiting to see, and oil mills have begun to purchase in large quantities, and the crushing rate is low. It is expected that the price of peanuts in the new season will be low in the short term. In terms of oil and fat, winter is the peak season for edible vegetable oil sales, but the storage price of palm oil depot is at a low level, and because of the slow rise of oil price, it is expected that the domestic edible vegetable oil price will run at a high price.
With the decrease of rapeseed yield in the international market, the supply to the market is less, the supply is tight, and the market demand remains unchanged or increases, which will increase the price of rapeseed and the oil price. According to the supply and demand report of USDA in October, the global edible vegetable oil inventory in 20021year was 22.94 million tons, which was 5. 18% lower than last year. It is expected that the global edible vegetable oil will still be sold at a high price in the short term.