This week (ended Mar. 13th), rapeseed inventory totals 225,000 tonnes in domestic coastal areas, a small increase of 16,000 tonnes by 7.65% from 209,000 tonnes last week yet down by 64.09% from 626,500 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 224,000 tonnes, up 10.34% from 203,000 tonnes last week yet down by 52.89% from 475,500 tonnes of the same week in the previous year. Rapeseed imports are small amid a stalemate between China and Canada. The imports will include 60,000 tonnes from Australia and 120,000 tonnes from Canada in March, and also 60,000 tonnes from Australia and 120,000 tonnes from Canada 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. 13th), rapeseed oil stock is 314,000 tonnes in domestic coastal regions, up 3,000 tonnes by 1.98% from 307,900 tonnes last week yet down by 36.01% from 490,700 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. 13th), rapeseed meal stock has totaled 16,000 tonnes in domestic coastal regions, up 3,000 tonnes by 23.08% from 13,000 tonnes last week yet down by 64.44% from 45,000 tonnes of the same period last year. More details for stocks:

 

 

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