China’s Soybean Crush Weekly (Week 14, 2018)
As operation rate in oil mills recovers slightly this week (Mar. 31st - Apr. 6th), national soybean crush now totals 1,510,600 tonnes (1,200,927 tonnes of soybean meal, 271,908 tonnes of soybean oil), generally rising by 2.01% or 29,800 tonnes above from 1,480,800 tonnes last week. Meantime, soybean processing capacity utilization is up to 44.23%, 0.87 percentage points higher than 43.36% last week. Generally speaking, total soybean crush in week 14 is seen lower than expected owing to bloated soybean meal in some mills, yet, soybean crush in week 15 may probably recover to 1.63 Mln tonnes though a relatively low level and to 1.72 Mln tonnes a higher level in week 16 when most oil mills resume operation in mid-and-late April.
Soybean crush in year 2017/2018 (as from 1 October 2017) has now amounted to 45,678,520 tonnes, 6.16% or 2,653,943 tonnes higher than 43,024,577 tonnes attained in year 2016/17. While national soybean crush in year 2018 (as from 1 January 2018) has totaled 21,342,900 tonnes, a growth of 5.01% or 1,019,121 tonnes from 20,323,779 tonnes year on year.
Figure: Trends of Soybean Weekly Crush in China (2014-2018)
