Operation rates for soybean crush have fractionally risen this week (Nov. 9th-15th). The crush at domestic mills totals 1,635,100 tonnes (meal 1,291,729 tonnes and oil 310,669 tonnes), up 87,650 tonnes, or 5.66%, from 1,547,450 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) reach 45.10%, up 2.42 percentage points from 42.68% in the previous week. Soybean crush is predicted to continue the growth to around 1.68 mln tonnes next week and to 1.75 mln tonnes that following week. 

 

As of this week, soybean crush nationwide totals 10,169,550 tonnes in the crushing year of 2019/20 (from October 1st, 2019), down 2,084,235 tonnes, or 17.00%, from 12,253,785 tonnes of the same period last year. In 2019 (from Jan. 1st, 2019), national soybean crush amounts to 72,210,965 tonnes, down 5,472,615 tonnes, or 7.04%, from 77,683,580 tonnes of the corresponding period in 2018. 

 

Fig.: Soybean Weekly Crush in China (2015-2019)

 

Details for weekly crush by region and by group are shown as follows: