China’s Rapeseed Crush Weekly (Week 31, 2018)
Rapeseed crush of 101 mills counted in the national survey now reach a higher lever of 109,740 tonnes, up 11,000 tonnes by 11.14% from 98,740 tonnes attained last week after rapeseed processing rate further rises in coastal areas this week (July 28th- August 3rd). Meantime the operation rate for rapeseed crush (capacity utilization) this week also edge up to 21.9% from 19.71%, among which the operation rate of domestic rapeseed still stabilizes at 2.14% and that of imported rapeseed in coastal processing mills otherwise rises from 45.04% to 50.36% this week. Generally speaking, rapeseed crush is expected to reach 112,000 tonnes and even 116,000 tonnes in the following two weeks in wake of resumed operation in some mills.
Figure 1: Rapeseed Operating Rate in China (Week 1, 2014- Week 31, 2018)
Figure 2: Rapeseed Weekly Crush in China (Week 1, 2016- Week 31, 2018)