I. Rapeseed: stock and port arrival
This week (as of May 10th), total rapeseed inventories have piled up higher to 785,400 tonnes in domestic coastal areas, an increment of 3,700 tonnes by 4.94% from 785,400 tonnes last week and by 50.75% from 521,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has increased by 8.46% to 602,400 tonnes from 555,400 tonnes last week and by 48.74% from 405,000 tonnes of the same week in the previous year. Rapeseed cargoes have almost been canceled for May shipment amid blocked import by tensions between China and Canada, and there is only 65,000 tonnes left for Shenheng and 10,000 tonnes from Australia (container) 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 10th), rapeseed oil stock is 442,000 tonnes, an increase of 29,600 tonnes by 7.18% from 412,400 tonnes last week and by 44.35% from 306,200 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 10th), rapeseed meal stock has fallen to 31,200 tonnes nationwide, down 5,500 tonnes by 14.99% from 36,700 tonnes last week and by 46.94% from 58,800 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
