I. Rapeseed: stocks and port arrivals

This week (ending July 3rd), China’s rapeseed inventory totals 284,000 tonnes in coastal areas, down 39,000 tonnes or 12.07% from 323,000 tonnes last week and down by 40.08% from 474,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 284,000 tonnes, down 12.07% from 323,000 tonnes last week and down by 1.73% from 289,000 tonnes of the same week in the previous year.

China’s rapeseed imports are small amid a stalemate with Canada. The imports include 180,000 tonnes from Canada and 30,000 tonnes from Australia in July and 300,000 tonnes from Canada in August, according to data surveyed by Cofeed. 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. It is less likely that China and Canada will see a thaw in relations very soon, and China and Australia are also in souring relations; hence, participants can keep an eye on rapeseed imports.

Fig. 1: China’s Rapeseed Stocks in Recent Years

II. Rapeseed oil stocks

This week (ending July 3rd), rapeseed oil stocks are 190,700 tonnes in domestic coastal regions, up 4,500 tonnes by 2.42% from 186,200 tonnes last week yet down by 64.56% from 538,100 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 July 3rd), rapeseed meal stock has totaled 27,000 tonnes in domestic coastal regions, down 1,000 tonnes by 3.57% from 28,000 tonnes last week and down by 20.59% from 34,000 tonnes of the same period last year. More details for stocks:

Fig. 3: China’s Rapeseed Meal Stocks in Recent Years