I. Rapeseed: stock and port arrival
This week (as of Apr. 26th), total rapeseed inventories have piled up to 744,400 tonnes in domestic coastal areas, an increment of 95,400 tonnes by 14.7% from 649,000 tonnes last week and by 18.35% from 629,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has increased by 13.46% to 551,400 tonnes from 486,000 tonnes last week and by 14.64% from 486,000 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 177,000 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. 26th), rapeseed oil stock is 409,900 tonnes, a reduction of 9,200 tonnes by 2.19% from 419,100 tonnes last week yet an increment by 44.64% from 283,400 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. 26th), rapeseed meal stock has risen to 43,000 tonnes nationwide, up 2,000 tonnes by 4.88% from 41,000 tonnes last week yet down by 4.4% from 45,000 tonnes of the same period last year. More details for stocks。
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
