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China’s Soybean Crush Weekly (Week 7, 2020)

2020-02-17 www.cofeed.com
Following another rise in operation rates this week (Feb. 8-14), soybean crush at domestic mills totals 1,575,600 tonnes (meal 1,244,724 tonnes and oil 299,364 tonnes), up 788,100 tonnes or 100.08% from 787,500 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) reach 45.28% up 22.65 percentage points from 22.63% in the previous week. As operation rates continue to increase in the next two weeks, soybean crush is predicted to be around 1.75 mln tonnes and 1.80 mln tonnes, respectively.
 
As of this week, soybean crush nationwide totals 30,266,714 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), down 686,371 tonnes or 2.22% from 30,953,085 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 8,240,300 tonnes, up 438,615 tonnes or 5.62% from 7,801,685 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: