Cottonseed: Cottonseed stock reduces this week, as oil mills either choose to digest their stocks or to purchase on demand in face of high-priced cottonseed under thin crush margins affected by the weak performance of by-products, though operation rate sees a pickup. Until this Friday, cottonseed stock in 62 national oil mills is 15,200 tonnes, down 1,750 tonnes by 10.32% from 16,950 tonnes last week; and it also falls 4,520 tonnes by 22.92% from 19,720 tonnes during the same period last year.

    

      Cottonseed oil: Cottonseed oil stock is on the increase this week, mainly due to a growing output under rising operation rate in cottonseed oil mills and its lower demand with the end of stockpiling peak season. Until this Friday, cottonseed oil stock in 62 national oil mills is 4,370 tonnes, up 1,060 tonnes by 32.02% from 3,310 tonnes last week; but it sees a 4,450 tonnes of 50.45% below 8,820 tonnes of the corresponding period last year.

    

    Fig. 2: Comparison for China’s Cottonseed Oil Stocks in Recent Years

       Cottonseed meal: Cottonseed meal sees a slight decrease this week, since some oil mills still hold some outstanding contracts and downstream companies still have an acceptable demand amid the downward trend, and the operation rate remains low despite a small pickup. Until this Friday, cottonseed meal stock in 62 national oil mills is 450 tonnes, down 10 tonnes by 2.17% from 460 tonnes last week; and it also sees a 950 tonnes of 67.86% below 1,400 tonnes of the corresponding period last year.

    

    Fig. 3: Comparison for China’s Cottonseed Meal Stocks in Recent Years