I. Rapeseed: stock and port arrival
This week (as of May 3rd), total rapeseed inventories have piled up higher to 748,400 tonnes in domestic coastal areas, an increment of 4,000 tonnes by 0.54% from 744,400 tonnes last week and by 26.64% from 591,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has increased by 0.73% to 555,400 tonnes from 551,400 tonnes last week and by 2% from 459,000 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 117,000 tonnes in April, and 65,000 tonnes for Shenheng 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 May 3rd), rapeseed oil stock is 412,400 tonnes, an increase of 2,500 tonnes by 0.61% from 409,900 tonnes last week and by 38.67% from 297,400 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 May 3rd), rapeseed meal stock has fallen to 36,700 tonnes nationwide, down 6,300 tonnes by 14.65% from 43,000 tonnes last week and by 19.7% from 45,700 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
