China’s Rapeseed Crush Weekly (Week 23, 2020)
Following a slight decline in operation rates in coastal regions this week (May 30-June 5), rapeseed crush in 101 domestic mills surveyed by Cofeed has totaled 51,000 tonnes (imported rapeseed 51,000 tonnes and domestic rapeseed 0 tonne), down 16,000 tonnes or 23.88% from 67,000 tonnes from last week. Meanwhile, the operation rate (capability utilization) is 10.18% this week compared to 13.37% last week, of which it is 0% for domestic rapeseed; and it moves lower to 24.70% this week from 32.45% last week for imported rapeseed in coastal regions. Rapeseed crush is will stay at around 51,000 tonnes next week, but it will fall to 38,500 tonnes that following week for a lack of rapeseed. Overall, due to rapeseed shortages, the crush remains at a relatively low level at present.
Fig. 1: Rapeseed Weekly Crush in China (2018-2020)
Fig. 2: Rapeseed Operating Rate in China (2016-2020)
Details for weekly crush by region are as follows:
