As operation rates pick up this week (Apr. 11-17), soybean crush at domestic mills totals 1,582,400 tonnes (meal 1,250,096 tonnes and oil 300,656 tonnes), up 225,800 tonnes or 16.64% from 1,356,600 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 45.58%, up 6.51% from 39.07% in the previous week. Soybean crush will continue to rise to around 1.75mln tonnes and 1.85 mln tonnes in the next two weeks, respectively.
Soybean crush nationwide is estimated at 6.87mln tonnes in April at current utilization rate, above 6.5783 mln tonnes in the previous month and but below 7.1429 mln tonnes of the corresponding period last year.
As of this week, soybean crush nationwide totals 44,363,514 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), down 1,324,821 tonnes or 2.9% from 45,688,335 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 22,337,100 tonnes, down 199,835 tonnes or 0.09% from 22,536,935 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:
