This week (ended Mar. 6th), rapeseed inventory totals 209,000 tonnes in domestic coastal areas, a small increase of 20,000 tonnes by 10.58% from 189,000 tonnes last week yet down by 69.47% from 684,500 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 203,000 tonnes, up 13.41% from 179,000 tonnes last week yet down by 61.37% from 525,500 tonnes of the same week in the previous year. China and Canada are still in a stalemate. According to Cofeed, there will be 60,000 tonnes of Australian rapeseed and 240,000 tonnes of Canadian rapeseed in March, and 120,000 tonnes of Canadian rapeseed in April. 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 Mar. 6th), rapeseed oil stock is 307,900 tonnes in domestic coastal regions, up 3,000 tonnes by 0.98% from 304,900 tonnes last week yet down by 40.10% from 514,000 tonnes of the same period last year. More details for stocks:

 

 

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

 

 

This week (ended Mar. 6th), rapeseed meal stock has totaled 13,000 tonnes in domestic coastal regions, down 5,000 tonnes by 27.78% from 18,000 tonnes last week and down by 75% from 52,000 tonnes of the same period last year. More details for stocks:

 

 

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