Or yield of this year to store more or smaller diagram than terminal year's price of rapeseed
Traders and analysts said Thursday, the Chinese government may be in the collection time of the year in May after more rapeseed assemblage storage, and this is the State Council broadcast a new assemblage storage plan.
They asserted that the Government of the buy cost may be smaller than last year, 4400 RMB / ton, in alignment to facilitate more trades of the household crop more competitive.
Prior to China's State Council said in the main effecting paddocks will reach on the rapeseed market prices by declare is slightly higher than the interim yield of storage, but did not deliver details.
Plans to promote the yield storage, the Thursday main worker rapeseed oil futures contracts in September take on 4%. China has not yet initiate rapeseed futures.
A deal overseer said, "We consider that this acquisition will be greater the volume, the market in all prospect the acquisition will more than three million tons."
Another dealer in international trade company also expects the acquisition will be held at between 300-400 million tons.
Government branches and the other industry analysts said that the Government is probable smaller diagram than 4,000 yuan per ton price for the acquisition.
Last year, China's Government has kept the cost of rapeseed storage 4400 yuan per ton, higher than the trade charges, the 2008/2009 Chinese trades initiating a record high.
The first supervisor of the overhead outlook, the Government buy cost may be smaller than last year, or in attachment with the trade charges of Canadian rapeseed in line, some to 3600 yuan / ton.
Government's very many yield of storage is in all prospect to harvest as a result of worker and imported high may lead to pressure worker rapeseed prices, worker prices than in November terminal year plunged by a quarter of the peak.
Analysts expect China's rapeseed harvest this year will enhance by 10% to 10,000 tons 1200-1300 - 18780
They asserted that the Government of the buy cost may be smaller than last year, 4400 RMB / ton, in alignment to facilitate more trades of the household crop more competitive.
Prior to China's State Council said in the main effecting paddocks will reach on the rapeseed market prices by declare is slightly higher than the interim yield of storage, but did not deliver details.
Plans to promote the yield storage, the Thursday main worker rapeseed oil futures contracts in September take on 4%. China has not yet initiate rapeseed futures.
A deal overseer said, "We consider that this acquisition will be greater the volume, the market in all prospect the acquisition will more than three million tons."
Another dealer in international trade company also expects the acquisition will be held at between 300-400 million tons.
Government branches and the other industry analysts said that the Government is probable smaller diagram than 4,000 yuan per ton price for the acquisition.
Last year, China's Government has kept the cost of rapeseed storage 4400 yuan per ton, higher than the trade charges, the 2008/2009 Chinese trades initiating a record high.
The first supervisor of the overhead outlook, the Government buy cost may be smaller than last year, or in attachment with the trade charges of Canadian rapeseed in line, some to 3600 yuan / ton.
Government's very many yield of storage is in all prospect to harvest as a result of worker and imported high may lead to pressure worker rapeseed prices, worker prices than in November terminal year plunged by a quarter of the peak.
Analysts expect China's rapeseed harvest this year will enhance by 10% to 10,000 tons 1200-1300 - 18780
posted by X - Men at
2:16 AM
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