I. Rapeseed: stocks and port arrivals
This week (ending Apr. 3rd), rapeseed inventory totals 258,000 tonnes in domestic coastal areas, an increase of 11,000 tonnes or 4.45% from 247,000 tonnes last week yet down by 59.69% from 640,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 198,000 tonnes, up 6.45% from 186,000 tonnes last week yet down by 58.23% from 474,000 tonnes of the same week in the previous year. Rapeseed imports are small amid a stalemate between China and Canada. The imports will include 300,000 tonnes from Canada in April and 240,000 tonnes also from Canada in May. 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
II. Rapeseed oil stocks
This week (ending Apr. 3rd), rapeseed oil stock is 253,900 tonnes in domestic coastal regions, down 27,900 tonnes by 9.90% from 281,800 tonnes last week and down by 42.24% from 439,600 tonnes of the same period last year. More details for stocks:
Fig. 2: China’s Rapeseed Oil Stocks in Recent Years
III. Rapeseed meal stocks
This week (ending Apr. 3rd), rapeseed meal stock has totaled 27,500 tonnes in domestic coastal regions, up 8,500 tonnes or 44.74% from 19,000 tonnes last week and down by 15.38% from 32,500 tonnes of the same period last year. More details for stocks:
Fig. 3: China’s Rapeseed Meal Stocks in Recent Years
