I. Rapeseed: stock and port arrival
This week (as of Apr. 12th), total rapeseed inventories have increased to 723,000 tonnes in domestic coastal areas, up 83,000 tonnes by 12.97% from 640,000 tonnes last week and up by 34.6% from 537,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has risen by 18.14% to 560,000 tonnes from 474,000 tonnes last week and by 37.6% from 407,000 tonnes of the same week in the previous year. As the import is impeded by tensions between China and Canada, port arrival of rapeseed is 180,000 tonnes in April and 10,000 tonnes from Australia (container) amid cancellation of shipments in May, according to Cofeed. 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. 12th), rapeseed oil stock is 429,300 tonnes, a reduction of 10,300 tonnes by 2.34% from 439,600 tonnes last week yet an increment by 51.6% from 283,100 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. 12th), rapeseed meal stock has risen to 37,500 tonnes nationwide, up 5,000 tonnes by 15.4% from 32,500 tonnes last week yet down by 31.8% from 55,000 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
