Oilseeds Market Monitoring in October 2010

Recently, the Agricultural Products Market Monitoring and Early Warning Expert Group of the Ministry of Agriculture released the oilseeds market monitoring information for October 2010.

1. Except for rapeseed, the prices of other oil crops and edible vegetable oils generally rose sharply

In October, the factory price of rapeseed in Hubei was 2.06 yuan/jin, up 0.9% month-on-month; in Shandong The regional wholesale price of second-grade peanut kernels is 4.23 yuan/jin, up 15.8% month-on-month; the ex-factory price of Shandong fourth-grade soybean oil is 8,988 yuan/ton, up 13.9% month-on-month; the arrival price of 24-degree palm oil in Tianjin Port is 8,425 yuan/ton, up 14.2% month-on-month. %; the ex-factory price of Hubei fourth-grade rapeseed oil is 9,322 yuan/ton, a month-on-month increase of 7.6%; the ex-factory price of Shandong first-grade peanut oil is 14,963 yuan/ton, a month-on-month increase of 12.3%.

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2. The prices of oils and edible vegetable oils have increased significantly in the international market

In October, Canadian rapeseed CNF price (FOB + freight) is US$570/ton, up 4.0% from the previous month, and 24.7% higher than the same period last year; South American soybean oil CNF price is US$1,116/ton, up 12.6% from the previous month, and 27.4% higher than the same period last year; Malaysian 24-degree palm The FOB oil price was US$1,008/ton, up 10.3% month-on-month and 46.5% year-on-year.

3. The price of imported rapeseed is higher than that of domestic, and the price of imported soybean oil is lower than that of domestic

In October, the CIF price of Canadian rapeseed after tax was about 2.40 yuan/jin, which was lower than that of domestic rapeseed. The factory price of seeds is 0.34 yuan/jin higher, and the price difference continues to widen. The FOB price of soybean oil in the U.S. Gulf of Mexico is 966 US dollars/ton, which is RMB 3.22/jin, which is 1.27 yuan/jin lower than the price of soybean oil in domestic sales areas. The CIF after-tax price of soybean oil imported from Shandong is 4.47 yuan/jin, which is lower than the factory price of local domestic soybean oil. As low as 0.02 yuan/jin.

Fourth, the import of edible oil seeds increased in the first three quarters, while the import of edible vegetable oil decreased

According to customs statistics, in September, my country imported 4.807 million tons of edible oil seeds, a month-on-month decrease of 5.4%; Imported edible vegetable oil was 788,000 tons, an increase of 24.0% month-on-month. From January to September, a total of 42.043 million tons of edible oil seeds were imported, a year-on-year increase of 19.5%; a total of 5.922 million tons of edible vegetable oil were imported, a year-on-year decrease of 16.8%.