China’s Rapeseed Crush Weekly (Week 39, 2019)
This week (Sept. 21st-27th), coastal mills have continued to reduce their operation rates. Thereby, rapeseed crush in 101 domestic mills surveyed by Cofeed has fallen to 35,920 tonnes (imported rapeseed 32,000 tonnes and domestic rapeseed 3,920 tonnes), down 1,000 tonnes by 2.7% from 36,920 tonnes last week. Meanwhile, the operation rate (capability utilization) has moved lower to 7.17% from 7.37% last week, of which it is unchanged at 1.46% for domestic rapeseed; and it has gone down to 15.5% from 15.98% last week for imported rapeseed in coastal regions. Due to the downtime during the National Day and rapeseed shortages, the crush will fall further to 35,000 and 27,000 tonnes in the following two weeks. The overall crush remains low amid rapeseed shortages.
Fig. 1: Rapeseed Weekly Crush in China (Week 1, 2016-Week 39, 2019)
Fig. 2: Rapeseed Operating Rate in China (Week 1, 2015-Week 39, 2019)