China’s Rapeseed Crush Weekly (Week 33, 2018)
Rapeseed crush of 101 mills counted in the national survey this week (Aug. 11th- 17th) rises to 123,740 tonnes, up 18,000 from 105,740 tonnes last week by 17.02% thanks to exceedingly high operation rate in coastal areas. Meantime the operation rate for rapeseed crush (capacity utilization) this week also climbs to 24.7% from 21.1% last week, among which the operation rate of domestic rapeseed still stabilizes at 2.14% and that of imported rapeseed in coastal processing mills ascends from 48.43% to 57.14% this week. Generally speaking, rapeseed crush in the following two weeks is probably down to 107,000 tonnes or so if some oils are to suspend operation, yet still a relatively high level.
Figure 1: Rapeseed Weekly Crush in China (Week 1, 2016- Week 33, 2018)
Figure 2: Rapeseed Operating Rate in China (Week 1, 2014- Week 33, 2018)