China’s Soybean Crush Weekly (Week 20, 2020)
As oil mills have picked up operation rates this week (May 9-15), soybean crush at domestic mills totals 1,912,200 tonnes (meal 1,510,638 tonnes and oil 363,318 tonnes), up 162,700 tonnes or 9.29% from 1,749,500 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 55.07%, up 4.68% from 50.39% in the previous week. Soybean crush will continue its uptrend to around 2.01 mln tonnes and 2.05 mln tonnes in the next two weeks, respectively.
As of this week, soybean crush nationwide totals 51,418,814 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), down 1,026,471 tonnes or 1.96% from 52,445,285 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 29,4435,300 tonnes, up 141,415 tonnes or 0.05% from 29,293,885 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:
