Rapeseed meal prices in China strengthened by the end of January

January, oil mill utilization remained low, and rapeseed processing volumes were insufficient, supporting prices due to a supply shortage in the spot market. Easing trade relations between China and Canada led to increased rapeseed import volumes over the long term, suppressing the potential for rapeseed meal price growth. On the demand side: the off-season continues, and inventories are insufficient. Aquaculture is in the off-season, winter, and feed mills are primarily consuming stocks; as the Spring Festival approaches, factories operating in related industries are gradually closing. The main tension in the January rapeseed meal situation lies in the tradeoff between “long-term supply pressure caused by the easing of Sino-Canadian trade” and “short-term support provided by low domestic inventories.” Demand is unlikely to increase during the off-season, and short-term fluctuations will generally remain within a certain range. From January to December 2025, domestic feed ...