I. Rapeseed: stock and port arrival

　　This week (as of Apr. 19th), total rapeseed inventories have fallen to 649,000 tonnes in domestic coastal areas, down 74,000 tonnes by 10.24% from 723,000 tonnes last week yet up by 9.81% from 591,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has reduced by 13.21% to 486,000 tonnes from 560,000 tonnes last week yet up by 14.89% from 423,000 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. 19th), rapeseed oil stock is 414,800 tonnes, a reduction of 14,500 tonnes by 3.38% from 429,300 tonnes last week yet an increment by 40.28% from 295,700 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 Apr. 19th), rapeseed meal stock has risen to 41,000 tonnes nationwide, up 3,500 tonnes by 9.3% from 37,500 tonnes last week yet down by 20.8% from 51,800 tonnes of the same period last year. More details for stocks:

　　

　　

　　

　　

　　Fig. 3: China’s Rapeseed Meal Stocks in Recent Years