I. Rapeseed: stock and port arrival
This week (as of May 17th), rapeseed inventory totals 729,000 tonnes in domestic coastal areas, a reduction of 56,400 tonnes by 7.18% from 785,400 tonnes last week yet an increment by 42.7% from 511,000 tonnes of the same period last year. Among them, stock in Guangxi, Guangdong and Fujian has declined by 9.36% to 546,000 tonnes from 602,400 tonnes last week yet increased by 54.7% from 353,000 tonnes of the same week in the previous year. As rapeseed cargoes have almost been canceled for May shipment amid blocked import by tensions between China and Canada, there is one cargo left for Shenheng and one for Yinxiang, 10,000 tonnes from Australia (container), and one cargo left in June, according to Cofeed. Importers are expected to buy new cargoes only after a thaw in relations between Beijing and Ottawa. The development of the trade war between China and the United States will get some updates at least until June when the two presidents are expected to meet at the G20 summit.
Fig. 1: China’s Rapeseed Stocks in Recent Years
II. Rapeseed oil stock
This week (as of May 17th), rapeseed oil stock is 440,700 tonnes, a reduction of 1,300 tonnes by 0.29% from 442,000 tonnes last week yet a sharp increase by 49.69% from 294,400 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 17th), rapeseed meal stock has fallen to 29,900 tonnes nationwide, down 1,300 tonnes by 4.17% from 31,200 tonnes last week and by 44.63% from 54,000 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
