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China’s Rapeseed Crush Weekly (Week 28, 2018)

2018-07-18 www.cofeed.com
    Rapeseed crush of 101 oil mills counted in the national survey is further cut by 11.29% to 70,740 tonnes from 79,740 tonnes on the week, about 9,000 tonnes below by comparison, subject to lowered rapeseed processing rate in coastal areas this week (week 28 of 2018, July 7th- 13th). Meantime the operation rate for rapeseed crush this week (capacity utilization) also declines to 14.12% this week from 15.92%, among which the operation rate of domestic rapeseed still stabilizes at 2.14% and that of imported rapeseed in coastal processing mills otherwise falls from 35.84% from 31.48% last week. In general, rapeseed crush may probably recover to 102,000 tonnes and 103,000 tonnes in the following two weeks after operation resumes.


           Figure 1: Rapeseed Weekly Crush in China (Week 1, 2016- Week 28, 2018)


             Figure 2: Rapeseed Operating Rate in China (Week 1, 2014- Week 28, 2018)