Soybean arrivals at ports are small, so that mills have to continue to lower down operation rates for a lack of soybeans this week (Apr. 4-10). Hence, soybean crush at domestic mills totals 1,356,600 tonnes (meal 1,071,714 tonnes and oil 257,754 tonnes), down 81,800 tonnes or 5.6% from 1,438,400 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 39.07%, down 2.36 percentage points from 41.43% in the previous week. With soybean vessels heading for domestic ports, the crush will gradually pick up to 1.60 mln tonnes and 1.75 mln tonnes in the next two weeks, respectively.

 

As of this week, soybean crush nationwide totals 42,781,114 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), down 1,084,871 tonnes or 2.47% from 43,865,985 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 20,754,700 tonnes, up 40,115 tonnes or 0.1% from 20,714,585 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: