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China’s Rapeseed Crush Weekly (Week 27, 2018)

2018-07-10 www.cofeed.com
    Rapeseed crush of 101 oil mills counted in the national survey is seen shriveled to 79,740 tonnes from 86,740 tonnes by 8.07% on the week, about 7,000 tonnes below by comparison, subject to lowered rapeseed processing rate in coastal areas this week (week 27 of 2018, June 30th- July 6th). Meantime the operation rate for rapeseed crush this week (capacity utilization) also slips to 15.92% from 17.31% this week, among which the operation rate of domestic rapeseed still stabilizes at 2.14% and that of imported rapeseed in coastal processing mills otherwise falls to 35.84% from 39.23% last week. In general, rapeseed crush may probably recover to 95,000 tonnes and 93,000 tonnes in the following two weeks after operation resumes.


            Figure 1: Rapeseed Weekly Crush in China (Week 1, 2016- Week 27, 2018)


            Figure 2: Rapeseed Operating Rate in China (Week 1, 2014- Week 27, 2018)