China Rapeseed Meal Weekly: Strong new crop sales rally rapeseed meal prices (week ended Jun 29, 2012)
As the state set procurement price at a high of RMB2.50/jin, the sales of first batch of new rapeseed fetched a good price of RMB2.35-2.40/jin. With prices of soy and rapeseed surging, crushers lifted prices to sustain profits. Meanwhile, buyers stocked rapeseed meal inventories eagerly in anticipation of higher prices ...
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