This week (ended Feb. 21st), rapeseed inventory totals 214,000 tonnes in domestic coastal areas, an increase of 80,000 tonnes by 59.7% from 134,000 tonnes last week yet down by 63.39% from 584,500 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 204,000 tonnes, up 64.52% from 124,000 tonnes last week yet down by 47.08% from 385,500 tonnes of the same week in the previous year. China and Canada are still in a stalemate. According to Cofeed, there will be 110,000 tonnes of Australian rapeseed and 120,000 tonnes of Canadian rapeseed in February, and 60,000 tonnes of Australian rapeseed and 240,000 tonnes of Canadian rapeseed in March. Only when there is a thaw between China and Canada will Chinese firms start to buy Canadian rapeseed substantially. Currently, only several private importers and foreign-owned firms still have rapeseed arriving at ports. Rapeseed has a tight supply prospect.

 

 

 

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

 

 

This week (ended Feb. 21st), rapeseed oil stock is 300,400 tonnes in domestic coastal regions, down 5,500 tonnes by 1.86% from 294,900 tonnes last week and down by 44.18% from 548,000 tonnes of the same period last year. More details for stocks:

 

 

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

 

 

This week (ended Feb. 21st), rapeseed meal stock has totaled 25,500 tonnes in domestic coastal regions, up 3,500 tonnes by 15.91% from 22,000 tonnes last week and up by 12.33% from 22,700 tonnes of the same period last year. More details for stocks:

 

 

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