I. Rapeseed: stocks and port arrivals

This week (ending Aug 14), China’s rapeseed inventory totals 363,000 tonnes in coastal areas, up 9,000 tonnes or 2.54% from 354,000 tonnes last week and up 21.81% from 298,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 363,000 tonnes, up 2.54% from 354,000 tonnes last week and up by 77.94% from 204,000 tonnes of the same week in the previous year.

China’s rapeseed imports are small amid a stalemate with Canada, but are centralized to only several private and foreign-funded companies. The imports will include 247,000 tonnes in August and 240,000 tonne in September. It is less likely that China and Canada will see a thaw in relations very soon, as HUAWEI Meng Wanzhou is still not released by the Canadian court, and Canada even followed the United States to make groundless sanctions on Hong Kong due to the National Security Law. Besides, China and Australia are also in souring relations. Overall, China’s rapeseed imports will remain small but not be totally interrupted.

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

II. Rapeseed oil stocks

This week (ending Aug 14), rapeseed oil stocks are 200,000 tonnes in domestic coastal regions, down 3,000 tonnes or 1.48% from 203,000 tonnes last week and down by 59.06% from 488,500 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 Aug 14), rapeseed meal stock has totaled 25,800 tonnes in domestic coastal regions, down 3,000 tonnes or 10.42% from 28,800 tonnes last week yet down by 47.13% from 48,800 tonnes of the same period last year. More details for stocks:

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