China’s Rapeseed Crush Weekly (Week 30, 2018)
Rapeseed crush of 101 oil mills counted in the national survey settles at 98,740 tonnes in week 30, about 33,000 tonnes or 25.04% lower than 131,740 tonnes attained last week as rapeseed processing rate falls sharply in coastal areas this week (July 21st- 27th). Meantime the operation rate for rapeseed crush this week (capacity utilization) also drops to 19.71% from 26.29% last week, among which the operation rate of domestic rapeseed still stabilizes at 2.14% and that of imported rapeseed in coastal processing mills otherwise slips to 45.04% from 61.02% last week. Generally speaking, rapeseed crush may probably recover to 105,000 tonnes after resumed operation rate and rapeseed arrivals.
Figure 1: Rapeseed Weekly Crush in China (Week 1, 2016- Week 30, 2018)
Figure 2: Rapeseed Operating Rate in China (Week 1, 2014- Week 30, 2018)