1. Driven by the market demand, the domestic rapeseed price continues to rise slowly, which makes the edible vegetable oil price 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. The consumption of rapeseed continued to rise and the price remained at a high level. At the end of the month, the ex-factory price of Hubei rapeseed was 3.07 yuan per catty, up 2.9% year-on-year; When the new-season plant peanuts went on the market, the market of new-season peanuts was generally weak, because many oil plants had not yet started to buy large quantities of new-season peanuts, and farmers were unwilling to sell them at low prices. 1 1 In the late month, the demand for replenishment in some oil plants increased, which led to a slight increase in the price of peanuts in the new season.
2. The international price of rapeseed continues to rise, and the price of edible vegetable oil is also expected to rise.
Due to the correction of international crude oil prices, soybean oil prices continue to rise; Some vegetable oil varieties did not increase production as expected this month. For example, the increase rate of palm oil in Malaysia decreased by 3.35%, which reduced the supply of palm oil and increased the price. 10, the export price of 24-degree palm oil was about USD 65,438+0,365,438+04.8 per ton, up by over 65,438+00 percentage points year-on-year and quarter-on-quarter.
3. Domestic and international oil prices remain high.
In terms of oils and fats, domestic rapeseed prices have been maintained at high prices due to the increase in consumer demand and the shortage of international rapeseed supply. The new season peanuts in Shandong, Hebei, Henan and other regions continue to be listed, and the market supply is still sufficient in the short term. From the current point of view, buyers are still waiting to see, oil plants 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 at a low level in the short term. In terms of oils and fats, winter is the peak season for edible vegetable oil sales, but the price of palm oil storage is at a low level, and it is expected that the domestic edible vegetable oil price will run at a high level due to the slow rise in oil prices.
With the decrease of rapeseed production in the international market, the supply to the market is reduced, the supply is tight, and the market demand is unchanged or increased, which will increase the price of rapeseed and oil price. The USDA1October supply and demand report shows that the global edible vegetable oil inventory in 20021year has reached 22.94 million tons, down 5. 18% compared with last year. It is expected that the global edible vegetable oil will still be sold at a high price in the short term.