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China’s Rapeseed Crush Weekly (Week 40, 2019)

2019-10-09 www.cofeed.com
This week (Sept. 28th-Oct. 4th), mills in coastal regions have picked up their operation rates significantly. Thereby, rapeseed crush in 101 domestic mills surveyed by Cofeed has totaled 54680 tonnes (imported rapeseed 53000 tonnes and domestic rapeseed 1680 tonnes), up 18760 tonnes by 52.23% from 35920 tonnes last week. Meanwhile, the operation rate (capability utilization) has moved up to 10.91% from 7.17% last week, of which it is 0.63% against 1.46% last week for domestic rapeseed; and it has gone up to 25.67% from 15.5% last week for imported rapeseed in coastal regions. Due to rapeseed shortages, the crush will fall to 20,000 and 16,000 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 40, 2019)


Fig. 2: Rapeseed Operating Rate in China (Week 1, 2015-Week 40, 2019)