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Crush Margins for Domestic and Imported Rapeseed in China--11/23/2020

2020-11-23 www.cofeed.com
Crush Margins for Domestic Rapeseed (at average cost of in-mill stocks)
Region Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Rapeseed Oil Rapeseed Meal Total Rapeseed Crush Cost Total
Sichuan 11000 2350 5248 6500 250 6750 -1502
Jiangsu 10600 2320 5037 6080 240 6320 -1283
Anhui 10600 2470 5086 6100 200 6300 -1214
Hubei 10900 2300 5066 6200 210 6410 -1344
Average 10775 2360 5229 6220 225 6445 -1216

 

 

Theoretical Crush Margins for Imported Rapeseed (at intraday duty-paid price)
Region Income  (CNY/tonne) Expenditure (CNY/tonne) Margin
Rapeseed Oil Rapeseed Meal Total Rapeseed Crush Cost Total
Guangxi 10200 2550 5687 4370 170 4540 1147
Guangdong 10170 2540 5668 4370 170 4540 1128
Fujian 10170 2530 5663 4370 170 4540 1123
Average 10180 2540 5673 4370 170 4540 1133