I. Rapeseed: stock and port arrival
With the discharge of new cargoes, rapeseed inventories in domestic coastal areas have amounted to 453,500 tonnes, up 33,000 tonnes by 7.85% from 420,500 tonnes last week, and up by 1.7% from 446,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has dropped to 291,500 tonnes, down 2.9% from 300,500 tonnes last week and 24.09% from 384,000 tonnes of the same week in the previous year. According to Cofeed, port arrivals of rapeseed will be 573,000 tonnes in January and 360,000 tonnes in February, under which it is now well supplied.
Fig. 1: China’s Rapeseed Stocks in Recent Years
II. Rapeseed oil stock
This week (as of Jan. 4th), rapeseed oil stock has fallen further to 525,700 tonnes, down 19,100 tonnes by 3.5% from 544,800 tonnes last week, yet up by 80.5% from 291,200 tonnes of the same period last year. More details for stocks:
Fig. 2: China’s Rapeseed Oil Stocks in Recent Years
III. Rapeseed meal stock
This week (as of Jan. 4th), rapeseed meal stock has risen to 26,000 tonnes nationwide, down 5,500 tonnes by 17.5% from 31,500 tonnes last week, yet down by 61.4% from 67,300 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
