This week (ended Mar. 20th), rapeseed inventory totals 233,000 tonnes in domestic coastal areas, a small increase of 8,000 tonnes by 3.56% from 225,000 tonnes last week yet down by 64.67% from 659,500 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 172,000 tonnes, down 23.21% from 224,000 tonnes last week and down by 62.24% from 455,500 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 118,000 tonnes from Canada in March, and 60,000 tonnes from Australia and 240,000 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.

 

 

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

 

 

This week (ended Mar. 20th), rapeseed oil stock is 315,800 tonnes in domestic coastal regions, up 1,800 tonnes by 0.57% from 314,000 tonnes last week yet down by 29.35% from 447,000 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. 20th), rapeseed meal stock has totaled 20,300 tonnes in domestic coastal regions, up 4,300 tonnes by 26.87% from 16,000 tonnes last week yet down by 44.38% from 36,500 tonnes of the same period last year. More details for stocks:

 

 

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