I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed ended Sept. 21st are shriveled to 475,000 tonnes, down 72,000 tonnes as compared to 547,000 tonnes last week by 13.2%, yet still up 19.6% contrasting with 397,300 tonnes year on year. Rapeseed in such regions as Guangxi, Guangdong and Fujian is cut from 400,000 tonnes last week to 365,000 tonnes in stockpiles, about 8.8% less by comparison, but it otherwise grows by 17.07% vis-a-vis 311,800 tonnes the same week of prior year. Latest port arrivals of rapeseed in September of year 2018, according to Cofeed’s investigation, are expected to be 281,000 tonnes and approximately 660,000 tonnes in October. 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 38
|
Week 37
|
Var.
|
Guangxi
|
6.9
|
10.5
|
-3.6
|
Guangdong
|
22.8
|
25
|
-2.2
|
Fujian
|
6.8
|
4.5
|
2.3
|
Kerry, Yingkou
|
2
|
3.8
|
-1.8
|
Jiangsu
|
9
|
10.9
|
-1.9
|
Total
|
47.5
|
54.7
|
-7.2
|
Figure 1: China’s Rapeseed Stocks in Recent Years
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till Sept. 21st this week, rapeseed oil nationwide is cut from 528,800 tonnes the prior week to 511,780 tonnes, about 17,020 tonnes and 3.2% less in stocks by comparison, and down 2.1% from 493,300 tonnes on a year-on-year basis. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 T)
|
|
Week 38
|
Week 37
|
Var.
|
Guangxi
|
8.078
|
8.58
|
-0.502
|
Guangdong
|
3.4
|
4.3
|
-0.9
|
Fujian
|
1.5
|
1.7
|
-0.2
|
Kerry, Yingkou
|
2.3
|
1.7
|
0.6
|
East China
|
35.9
|
36.6
|
-0.7
|
Total
|
51.178
|
52.88
|
-1.702
|
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 Sept. 21st otherwise is increased to 36,500 tonnes in stocks, up 1,500 tonnes from 35,000 tonnes the prior week by 4.3%, and also up 17.7% from 31,000 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 T)
|
|
Week 38
|
Week 37
|
Var.
|
Guangxi
|
2.3
|
1.9
|
0.4
|
Guangdong
|
0.6
|
1.1
|
-0.5
|
Fujian
|
0
|
0
|
0
|
Kerry, Yingkou
|
0.3
|
0.2
|
0.1
|
Jiangsu
|
0.45
|
0.3
|
0.15
|
Total
|
3.65
|
3.5
|
0.15
|
Figure 3: China’s Rapeseed Meal Stocks in Recent Years
