China’s Rapeseed Crush Weekly (Week 17, 2019)
Amid a sharp decline in utilization rate, rapeseed crush in 101 domestic mills surveyed by Cofeed this week (Apr. 20th-26th) has dropped to 53,910 tonnes (imported rapeseed 51,600 tonnes and domestic rapeseed 2,310 tonnes), down 22,400 tonnes by 29.35% from 76,310 tonnes last week. Meanwhile, utilization rate (capability utilization) has fallen to 10.76% from 15.23%, of which it remains at 1.98% for domestic rapeseed; and it has declined to 24.99% from 35.84% last week for imported rapeseed in coastal areas. As some oil mills have to halt for swelling meal stockpiles, rapeseed crush will fall to 50,000 tonnes next week and to 45,000 tonnes the following week.
Fig. 1: Rapeseed Weekly Crush in China (Week 1, 2016-Week 17, 2019)
Fig. 2: Rapeseed Operating Rate in China (Week 1, 2015-Week 17, 2019)
