China’s Rapeseed Crush Weekly (Week 29, 2019)
Amid a slight pickup in utilization rate in coastal mills, rapeseed crush in 101 domestic mills surveyed by Cofeed this week (July 13th-19th) has increased to 58,310 tonnes (imported rapeseed 56,000 tonnes and domestic rapeseed 2,310 tonnes), up 17,600 tonnes by 42.23% from 40,710 tonnes last week. Meanwhile, the utilization rate (capability utilization) has increased to 11.64% from 8.13% last week, of which it has been 0.86% against 1.01% last week for domestic rapeseed; and it has gone up to 27.12% from 18.4% last week for imported rapeseed in coastal areas. The crush will slightly incrase to 63,000 tonnes next week as some mills resume their production, but will fall to 50,000 tonnes the following week for the rapeseed shortage. Overall, it is still at low level.
Fig. 1: Rapeseed Weekly Crush in China (Week 1, 2016-Week 29, 2019)
Fig. 2: Rapeseed Operating Rate in China (Week 1, 2015-Week 29, 2019)
