I. Rapeseed: stocks and port arrivals

This week (ending Aug 21), China’s rapeseed inventory totals 368,000 tonnes in coastal areas, up 5,000 tonnes or 1.38% from 363,000 tonnes last week and up 27.34% from 289,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 368,000 tonnes, up 1.38% from 363,000 tonnes last week and up by 93.68% from 190,000 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 310,000 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 21), rapeseed oil stocks are 212,500 tonnes in domestic coastal regions, up 1,250 tonnes or 6.25% from 200,000 tonnes last week yet down by 54.47% from 466,700 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 21), rapeseed meal stock has totaled 22,000 tonnes in domestic coastal regions, down 3,800 tonnes or 14.73% from 25,800 tonnes last week and down by 47.37% from 41,800 tonnes of the same period last year. More details for stocks:

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