I.Rapeseed: stock and date of arrival
This week (as of Nov 2nd), imported rapeseed stock in domestic coastal areas has increased to 406,000 tonnes, up 19,000 tonnes by 4.9% against 387,000 tonnes last week, and up by 12.3% from 361,500 tonnes of the same period last year. Among them, stock in Guangxi, Gaungdong and Fujian has dropped to 305,000 tonnes by 9.8% from 338,000 tonnes last week, and down by 10.9% against 340,000 tonnes of the same period last year. According to Cofeed, rapeseed arrival at port will be 690,000 tonnes in November and 480,000 tonnes in December, under which rapeseed is now well supplied.
Fig. 1: China’s Rapeseed Stocks in Recent Years
II. Stocks of rapeseed oil and amounts in outstanding contracts
This week (as of Nov 2nd), rapeseed oil stock is 531,800 tonnes nationwide, up 12,600 tonnes by 2.4% from 519,200 tonnes last week, and up by 37% from 388,200 tonnes of the same period last year. More details for stocks:
Fig. 2: China’s Rapeseed Oil Stocks in Recent Years
III. Rapeseed meal in coastal areas: stock and outstanding contracts
This week (as of Nov 2nd), rapeseed meal stock has risen to 6,500 tonnes nationwide, up 2,200 tonnes by 51.2% from 4,300 tonnes last week, yet down by 72.1% from 23,300 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
