China’s Soybean Crush Weekly (Week 14, 2019)
Operation rate for soybean crush declines for equipment maintenance and soybean shortages. According to Cofeed, soybean crush this week (Mar. 30th-Apr. 5th) totals 1,603,850 tonnes (meal 1,267,041 tonnes and oil 304,731 tonnes), a reduction of 64,600 tonnes by 3.87% from 1,668,450 tonnes last week. Meanwhile, operation rate (capacity utilization) has gone down by 1.82 percentage points to 45.25% from 47.07% last week. Soybean crush is predicted to go up 1.70 Mln tonnes in week 15 and to 1.74 Mln tonnes the following week.
As of this week, soybean crush nationwide totals 42,176,735 tonnes, down 3,551,813 tonnes by 7.76% from 45,728,548 tonnes of the same period last year. In 2019 (as from Jan. 1st, 2019), national soybean crush amounts to?19,025,335 tonnes, down 2,302,493 tonnes by 10.79% from 21,327,828 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush are shown as follows:
