I. Rapeseed: stocks and port arrivals

This week (ending Nov 13), China’s rapeseed inventory totals 315,000 tonnes in coastal areas, up 79,000 tonnes or 33.47% from 236,000 tonnes last week and up 178.76% from 113,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 315,000 tonnes, up 33.47% from 236,000 tonnes last week and up 314.47% from 76,000 tonnes of the same week in the previous year. Rapeseed imports from Canada will include 125,000 tonnes in November, and 360,000 tonnes in December, according to data by Cofeed. Currently, only several private-owned and foreign-funded oil mills are making imports, and Chinese companies will make bulk imports only in the wake of a thaw between China and Canada.

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

II. Rapeseed oil stocks

This week (ending Nov 13), rapeseed oil stocks are 213,200 tonnes in domestic coastal regions, down 29,100 tonnes or 12.01% from 242,300 tonnes last week and down by 49.07% from 401,100 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 Nov 13), rapeseed meal stock has totaled 0 tonne in domestic coastal regions, down by 100% from 26,000 tonnes of the same period last year. More details for stocks:

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