Procurement Resource Evaluates the Price Trends of Rapeseed Oil in its Latest Insights and Dashboard
Price Trends of Rapeseed Oil in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rapeseed Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Rapeseed Oil can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Rapeseed is a bright-yellow blooming plant that belongs to the Brassicaceae family and is grown primarily for its oil-rich seed. Rapeseed Oil is a pure oil that is devoid of protein and carbohydrates but rich in healthful fats and fat-soluble vitamins including vitamin E and K. It is a strong antioxidant that promotes the health of the skin and eyes. Germany and Canada are the top two producers of rapeseed oil.
Regions Covered to Evaluate Rapeseed Oil Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Rapeseed Oil Price Trend:
Rapeseed is used in a variety of industrial processes, including the production of biodiesel and cosmetics, and personal care items. The European Union is a major driver of the global rapeseed oil industry due to its increasing use in the production of bio-diesel. More than three-fifths of the rapeseed oil used to make biodiesel is produced in Europe. The market is anticipated to rise as a result of rising health consciousness and greater knowledge of the advantages rapeseed oil has for human health. Rapeseed oil market expansion is hampered by the large production of other oilseeds used to make vegetable oil, such as soybean and palm.
Key Market Players:
- Cullise
- Folba Oil Limited SDN
- Mackintosh of Glendaveny
- Ola Oils
- Pacific Coast Canola
- RISOIL S.A
- ConAgra Foods Inc.
- Yorkshire Rapeseed Oil
- The Archer Daniels Midland Company
- Cargill Incorporated
News and Events:
On January 17, 2022, the average spot price for rapeseed oil on the Chinese market was 12,706 RMB/MT, down 0.19 percent from the previous day when it was 12,730 RMB/MT. The shock adjustment tendency has been the predominant trend recently, with the spot price of rapeseed oil primarily running at a high price. Low global rapeseed supply and strong cost support kept the spot price stable. The market demand for rapeseed oil is strong, prices are high, and the initial demand is rigid. The demand effect of the Spring Festival may result in an increase in domestic oil demand.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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