China’s Rapeseed Crush Weekly (Week 29, 2018)
Rapeseed crush of 101 oil mills counted in the national survey come into at 131,740 tonnes, up 61,000 tonnes by 86.23% from 70,740 tonnes last week, thanks to substantially improved rapeseed processing rate in coastal areas this week (week 29 of 2018, July 13th- 20th). Meantime the operation rate for rapeseed crush this week (capacity utilization) also rises from 14.12% to 26.29% 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 jumps to 61.02% from 31.48% last week. Generally speaking, rapeseed crush may probably be cut to 100,000 tonnes due to machine halt in some mills and then recover to 112,000 tonnes in the week after next.
Figure 1: Rapeseed Operating Rate in China (Week 1, 2014- Week 29, 2018)
Figure 2: Rapeseed Weekly Crush in China (Week 1, 2016- Week 29, 2018)