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Sino-Global Information: Tensions in the Middle East are supporting the rise in domestic rapeseed oil prices
Currently, the Middle East situation remains tense, and international crude oil prices have rebounded, supporting the rise in domestic rapeseed oil prices. According to Zhuochuang Information, as of 10:00 on April 2, the average price of imported grade-3 rapeseed oil in China is around 10,387 yuan/ton, up 1.17% from yesterday. Oil mills may shut down for maintenance in April, leading to a decrease in domestic rapeseed oil supply. Coupled with obvious bullish factors in the international market, it is expected that domestic imported rapeseed oil prices will rise in the short term. (Zhuochuang Information)