China’s Rapeseed Crush Weekly (Week 10, 2019)
As operation rate has fallen slightly in coastal oil mills, rapeseed crush in 101 domestic mills surveyed by Cofeed this week (Mar. 2nd-8th) has decreased to 106,310 tonnes (imported rapeseed 104,000 tonnes and domestic rapeseed 2,310 tonnes), down 7,180 tonnes by 6.33% from 113,490 tonnes last week. Meanwhile, operation rate (capability utilization) has gone down to 21.22% from 22.65% last week, of which it has climbed to 0.86% from 0.18% for domestic rapeseed; and it has also declined to 50.36% from 54.72% last week for imported rapeseed in coastal areas. Rapeseed crush will fall further to 56,000 tonnes next week for supply shortages of rapeseed and swollen inventories of rapeseed meal, but it will climb higher to 59,000 tonnes in week 12 for operation rate recovery.
Fig. 1: Rapeseed Weekly Crush in China (Week 1, 2016-Week 10, 2019)
Fig. 2: Rapeseed Operating Rate in China (Week 1, 2015-Week 10, 2019)
