Following a rise in operation rates this week (Feb. 1-7), soybean crush at domestic mills totals 787,500 tonnes (meal 622,125 tonnes and oil 149,625 tonnes), up 734,800 tonnes or 1394% from 52,700 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) reach 22.63%, up 21.13 percentage points from 1.50% in the previous week. With a further quick increase in operation rares, soybean crush is predicted to be around 1.50 mln tonnes next week and to 1.75 mln tonnes that following week.

 

As of this week, soybean crush nationwide totals 28,691,114 tonnes in the crushing year of 2019/20 (from October 1st, 2019), down 1,750,671 tonnes or 0.57% from 30,441,785 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 6,664,700 tonnes, down 633,485 tonnes or 8.68% from 72,981,85 tonnes of the corresponding period in 2019. 

 

Fig.: Soybean Weekly Crush in China (2016-2020)

 

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

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