I. Rapeseed: stock and port arrival
This week (as of Mar. 29th), total rapeseed inventories have increased to 666,500 tonnes in domestic coastal areas, up 7,000 tonnes by 1.06% from 659,500 tonnes last week yet up by 45.21% from 459,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has increased to 482,500 tonnes, up by 5.93% from 455,500 tonnes last week yet up by 39.05% from 347,000 tonnes of the same week in the previous year. According to Cofeed, port arrivals of rapeseed is 365,000 tonnes in March, 360,000 tonnes in April for delays from the previous month and 10,000 tonnes from Australian (container) in May due to cancellation for May shipments. And there are currently several cargoes waiting 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. 29th), rapeseed oil stock is 442,900 tonnes, a reduction of 4,100 tonnes by 0.92% from 447,000 tonnes last week yet an increment by 44.46% from 306,600 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. 29th), rapeseed meal stock has decreased to 31,800 tonnes nationwide, down 4,700 tonnes by 12.9% from 36,500 tonnes last week and down by 50.3% from 64,000 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
