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Stocks of Rapeseed, Rapeseed oil and Rapeseed Meal in Coastal Areas and East China (Week 49, 2019)

2019-12-09 www.cofeed.com
I. Rapeseed: stock and port arrival

This week (ended Dec. 6th), rapeseed inventory totals 204,000 tonnes in domestic coastal areas, an increase of 73,000 tonnes by 55.73% from 131,000 tonnes last week yet a reduction by 59.28% from 501,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 183,000 tonnes, up 117.86% from 84,000 tonnes last week yet down by 50.27% from 368,000 tonnes of the same week in the previous year. China and Canada are still in a stalemate. According to Cofeed, there will be 180,000 tonnes in December and 1 Australian cargo in January. Only when there is a thaw between China and Canada will Chinese firms start to buy Canadian rapeseed substantially. It is less likely that China and Canada will see a thaw very soon, and even if there is a thaw, it will take some time for the process of purchase, loading and arrival. Currently, only several private importers still have rapeseed arriving at ports. Rapeseed supply will remain tight later.




Fig. 1: China’s Rapeseed Stocks in Recent Years

II. Rapeseed oil stock

This week (ended Dec. 6th), rapeseed oil stock is 347,100 tonnes in domestic coastal regions, down 12,200 tonnes by 3.39% from 359,300 tonnes last week and down by 38.27% from 562,300 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 (ended Dec. 6th), rapeseed meal stock has totaled 17,500 tonnes in domestic coastal regions, down 1,200 tonnes by 6.42% from 18,700 tonnes last week and down by 32.17% from 25,800 tonnes of the same period last year. More details for stocks:




Fig. 3: China’s Rapeseed Meal Stocks in Recent Years