This week (ended Dec. 13th), rapeseed inventory totals 192,000 tonnes in domestic coastal areas, a reduction of 12,000 tonnes by 5.88% from 204,000 tonnes last week and by 56.51% from 441,500 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 192,000 tonnes, up 4.92% from 183,000 tonnes last week yet down by 43.1% from 337,500 tonnes of the same week in the previous year. China and Canada are still in a stalemate. According to Cofeed, there will be 210,000 tonnes in December and 3 Australian cargoes or 90,000 tonnes 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

This week (ended Dec. 13th), rapeseed oil stock is 349,800 tonnes in domestic coastal regions, up 2,700 tonnes by 0.78% from 347,100 tonnes last week and down by 36.78% from 553,300 tonnes of the same period last year. More details for stocks:

Fig. 2: China’s Rapeseed Oil Stocks in Recent Years

This week (ended Dec. 13th), rapeseed meal stock has totaled 12,000 tonnes in domestic coastal regions, down 5,500 tonnes by 31.43% from 17,500 tonnes last week and down by 56.36% from 27,500 tonnes of the same period last year. More details for stocks:

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