China’s Rapeseed Crush Weekly (Week 50, 2019)
This week (Dec. 7-13), with a slight decline in operation rates among coastal regions, the crush in 101 domestic mills surveyed by Cofeed has totaled 42,000 tonnes (imported rapeseed 42,000 tonnes and domestic rapeseed 0 tonne), a reduction of 1,000 tonnes by 2.33% from 43,000 tonnes last week. Meanwhile, the operation rate (capability utilization) has moved lower to 8.38% from 8.58% last week, of which it remains at 0% for domestic rapeseed; and it has gone down to 20.34% from 20.82% last week for imported rapeseed in coastal regions. For a lack of supply in some mills, the crush is expected to fall further to 39,000 tonnes next week, and then increase marginally again to 44,000 tonnes that following week. Due to rapeseed shortages, the overall crush remains at a relatively low level at present.
Fig. 1: Rapeseed Weekly Crush in China (Week 1, 2016-Week 50, 2019)
Fig. 2: Rapeseed Operating Rate in China (Week 1, 2015-Week 50, 2019)