As operation rates further decline this week (Mar. 7-13), soybean crush at domestic mills totals 1,471,100 tonnes (meal 1,162,169 tonnes and oil 279,509 tonnes), down 188,200 tonnes or 11.3% from 1,659,300 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 42.28%, down 5.41 percentage points from 47.69% in the previous week. Soybean crush will continue to fall to around 1.40 mln tonnes next week, and the it may rise slightly to 1.48 mln tonnes that following week.

 

As of this week, soybean crush nationwide totals 37,133,114 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), down 161,571 tonnes or 0.04% from 37,294,685 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 15,106,700 tonnes, up 963,415 tonnes or 6.81% from 14,143,285 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: