I. Rapeseed: stock and port arrival
This week (as of Apr. 5th), total rapeseed inventories have decreased to 640,000 tonnes in domestic coastal areas, down 26,500 tonnes by 3.98% from 666,500 tonnes last week yet up by 27.24% from 503,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has reduced by 5.93% to 474,000 tonnes from 482,500 tonnes last week yet increased by 31.7% from 360,000 tonnes of the same week in the previous year. According to Cofeed, rapeseed arrival at port is 180,000 tonnes in April and 10,000 tonnes from Australia (container) in May amid cancellation of shipments. And there are currently several cargoes waiting to be discharged after 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 Apr. 5th), rapeseed oil stock is 439,600 tonnes, a reduction of 3,300 tonnes by 0.75% from 442,900 tonnes last week yet an increment by 55.56% from 282,600 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 Apr. 5th), rapeseed meal stock has increased to 32,500 tonnes nationwide, up 700 tonnes by 2.2% from 31,800 tonnes last week yet down by 49.2% from 64,000 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
