Canola oil: US farmers report bearish, causing prices to decline
2024-06-13 05:28:19
Golden Ten Futures, June 13, the US Department of Agriculture's June supply and demand report has been released. Due to the negative results of the report, the price of domestic imported rapeseed oil has declined. According to Zhuochuang Information, as of 10:00 on June 13, the average price of domestic imported tertiary rapeseed oil was 8624 yuan/ton, down 0.92% from yesterday. The international market has seen more bearish factors, and the domestic rapeseed oil market is in the off-season for consumption. Therefore, Zhuochuang Information expects that domestic rapeseed oil prices will continue to decline in the short term.
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