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 (Unit:0’000 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 (Unit:tonnes) |
||
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 (Unit:tonnes) |
||
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