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Stocks of Rapeseed, Rapeseed oil and Rapeseed Meal in Coastal Areas and East China (Week 9, 2019)

2019-03-04 www.cofeed.com

      I. Rapeseed: stock and port arrival

      This week (as of Mar. 1st), total rapeseed inventories have piled up to 599,500 tonnes in domestic coastal areas, up 15,000 tonnes by 2.57% from 584,500 tonnes last week and down by 11.97% from 681,000 tonnes of the same period last year.  Among them, stock in Guangxi, Guangdong and Fujian has mounted up to 425,500 tonnes, up by 10.38% from 385,500 tonnes last week and down by 18.3% from 521,000 tonnes of the same week in the previous year.  According to Cofeed, port arrivals of rapeseed will be 480,000 tonnes in March and 300,000 tonnes in April. Rapeseed supply has been liberal when port arrivals are nomal and some vessels are waiting on the ports for commodity inspection.


Area/Enterprise    

Rapeseed Stock (Unit0’000 tonnes

Week 9

Week 8

Var.

Guangxi

8.5

12.3

-3.1

Guangdong

24.9

16.9

8

Fujian

9.15

9.35

-0.2

Yingkou Kerry,

Liaoning

6.2

7.6

-1.4

Jiangsu

11.2

12.3

-1.1

Total

59.95

58.45

1.5



Fig. 1: China’s Rapeseed Stocks in Recent Years


      II.Rapeseed oil stock


      This week (as of Mar. 1st), rapeseed oil stock is 560,300 tonnes, up by 12,300 tonnes or 2.24% from 548,000 tonnes last week and up by 168.1% from 209,000 tonnes of the same period last year.  More details for stocks:


Area/Enterprise   

Rapeseed Oil Stock (Unittonnes

Week 9

Week 8

Var.

Guangxi

58,500

58,000

500

Guangdong

39,000

33,000

6,000

Fujian

6,800

6,000

800

Yingkou Kerry,

Liaoning

8,000

6,000

2,000

East China

448,000

445,000

3,000

Total

560,300

548,000

12,300



Fig. 2: China’s Rapeseed Oil Stocks in Recent Years


      III. Rapeseed meal stock


      This week (as of Mar. 1st), rapeseed meal stock is 42,500 tonnes, up by 19,800 tonnes or 87.2% from 22,700 tonnes last week and down by 19.8% from 53,000 tonnes of the same period last year. More details for stocks:


Area/Enterprise

Rapeseed Meal Stock (Unittonnes

Week 9

Week 8

Var.

Guangxi

20,000

9,700

10,300

Guangdong

14,000

8,000

6,000

Fujian

500

0

500

Yingkou Kerry,

Liaoning

5,000

3,000

2,000

Jiangsu

3,000

2,000

1,000

Total

42,500

22,700

19,800



Fig. 3: China’s Rapeseed Meal Stocks in Recent Years