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China’s Soybean Crush Weekly (Week 37, 2020)

2020-09-14 www.cofeed.com

With a slight rise in operation rates this week (Sept 5-11), soybean crush at domestic mills totals 1,971,650 tonnes (meal 1,557,604 tonnes and oil 374,614 tonnes), up 20,600 tonnes or 1.05% from 1,951,050 tonnes last week. Meanwhile, operation rates (capacity utilization) are 56.76%, up 0.57% from 56.19% in the previous week. Soybean crush is predicted to increase to around 2.02 mln tonnes and 2.08 mln tonnes in the coming two weeks, respectively. 

 

As of this week, soybean crush nationwide totals 85,840,964 tonnes in the soybean crop year of 2019/20 (from Oct 1st, 2019), up 4,787,329 tonnes or 5.91% from 81,053,635 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 63,811,450 tonnes, up 5,909,215 tonnes or 10.21% from 57,902,235 tonnes of the corresponding period in 2019.

 

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Fig.: Soybean Weekly Crush in China (2016-2020)

 

Details for weekly crush by region and by group are shown as follows:

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