I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed ended on Aug. 31st are trimmed to 596,000 tonnes, seeing a reduction of 112,000 tonnes from 708,000 tonnes last week by 15.82%, yet up 33.04% over 448,000 tonnes year on year. Correspondingly, rapeseed in such regions as Guangxi, Guangdong and Fujian are also cut to 438,000 tonnes in stocks from 541,000 tonnes last week, about 19.04%, yet as compared to 368,000 tonnes the same week of prior year, it is otherwise up 19.02% in stocks. Latest port arrivals of rapeseed in August of year 2018, according to Cofeed’s investigation, will come into at 434,000 tonnes and approximately 510,000 tonnes in September. In addition, material supply for the moment is assured. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Stocks (0’000 T)
|
|
Week 35
|
Week 34
|
Var.
|
Guangxi
|
13.4
|
18.2
|
-4.8
|
Guangdong
|
24.1
|
28.6
|
-4.5
|
Fujian
|
6.3
|
7.3
|
-1
|
Kerry, Yingkou
|
5.2
|
6.1
|
-0.9
|
Jiangsu
|
10.6
|
10.6
|
0
|
Total
|
59.6
|
70.8
|
-11.2
|
Figure 1: China’s Rapeseed Stocks in Recent Years
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till Aug. 31st this week, rapeseed oil nationwide have totaled 544,700 tonnes in stocks, a reduction of 7,200 tonnes as compared to 551,900 tonnes last week, but contrasting with 536,350 tonnes a year earlier, it sees a rise of 1.6%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 T)
|
|
Week 35
|
Week 34
|
Var.
|
Guangxi
|
8.6
|
8.4
|
0.2
|
Guangdong
|
4.82
|
4.49
|
0.33
|
Fujian
|
1.85
|
1.8
|
0.05
|
Kerry, Yingkou
|
1.3
|
1.5
|
-0.2
|
East China
|
37.9
|
39
|
-1.1
|
Total
|
54.47
|
55.19
|
-0.72
|
Figure 2: China’s Rapeseed Oil Stocks in Recent Years
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
National rapeseed meal this week ended on Aug. 31st is cut to 47,400 tonnes in stocks, about 4,400 tonnes and 9.3% below vis-a-vis 47,400 tonnes last week, but it is otherwise up 70.6% over 25,200 tonnes on a year-on-year basis. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 T)
|
|
Week 35
|
Week 34
|
Var.
|
Guangxi
|
2.4
|
2.24
|
0.16
|
Guangdong
|
1.6
|
1.5
|
0.1
|
Fujian
|
0
|
0
|
0
|
Kerry, Yingkou
|
0.1
|
0.6
|
-0.5
|
Jiangsu
|
0.2
|
0.4
|
-0.2
|
Total
|
4.3
|
4.74
|
-0.44
|
Figure 3: China’s Rapeseed Meal Stocks in Recent Years
