Rapeseed oil prices rose by 10% from last year

Immediately after the arrival of the new rapeseed crushing season, this year's rapeseed production was cut, and rapeseed oil prices rose by 10% from last year. According to industry insiders, rapeseed oil dropped by about 6% to 7% in the previous period, but it was still at 10,000 yuan/ton, which was a tenth higher than last year's 9,000 yuan/ton. Drought and less rain led to reduced production of rapeseed, relatively tight supply, output and oil output will decline, rapeseed situation is not optimistic. According to reports, rapeseed oil prices have recently been loosened, and many farmers are currently on the sidelines.