I. Rapeseed: stock and port arrival
This week (as of Mar. 15th), total rapeseed inventories have declined to 626,500 tonnes in domestic coastal areas, down 58,000 tonnes by 8.47% from 684,500 tonnes last week yet up by 9.9% from 570,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has decreased to 475,500 tonnes, down by 9.51% from 525,500 tonnes last week yet up by 8.07% from 440,000 tonnes of the same week in the previous year. According to Cofeed, port arrivals of rapeseed will be 604,000 tonnes in March yet only 120,000 tonnes in April and 10,000 tonnes in May due to cancellation of April and May shipments. And there are still several cargoes detained for commodity inspections. There are currently several cargoes waited to be discharged for commodity inspection at port. Importers are expected to buy new cargoes only after a thaw in relations between Beijing and Ottawa.
Fig. 1: China’s Rapeseed Stocks in Recent Years
II. Rapeseed oil stock
This week (as of Mar. 15th), rapeseed oil stock is 490，700 tonnes, a reduction of 23，300 tonnes by 4.53% from 514,000 tonnes last week yet an increment by 110.9% from 232，700 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 Mar. 15th), rapeseed meal stock has decreased to 45,000 tonnes nationwide, down 7,000 tonnes by 13.5% from 52,000 tonnes last week and down by 34.8% from 69,000 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
